By Edmund Ludwig, CEO and President, Optelecom-NKF
SubscribeOptelecom-NKF, Inc. (Nasdaq: OPTC), today announced the NASDAQ Stock Market has approved its application for upgrading its listing to the NASDAQ Global Market, formerly known as the NASDAQ National Market.
Optelecom-NKF expects to commence trading on the NASDAQ Global Market on October 16, 2007 under its current symbol, "OPTC."
“Meeting the more stringent requirements for a NASDAQ Global Market listing is representative of the progress Optelecom-NKF is making in gaining worldwide visibility and in our continuing commitment to build value for shareholders," said Edmund Ludwig, Optelecom-NKF's President and CEO. "We are confident that the listing will generate broader market exposure for the company."
The NASDAQ Global Market consists of more than 1,450 companies that have applied for listing, having met and continued to meet stringent financial and liquidity requirements and agreed to meet specific corporate governance standards. Formerly called The NASDAQ National Market, this market was renamed in 2006 to reflect the global leadership and international reach of this market and the companies whose securities are listed there.
About NASDAQ
The NASDAQ Stock Market® is the largest U.S. electronic stock market and the fastest, most emulated market model worldwide. Approximately 3,200 companies from 37 countries and across all industry sectors are listed here. NASDAQ® lists more companies, on average, trades more shares per day -- about two-billion shares daily -- and handles more IPOs -- over 1,000 since 2000 -- than any other U.S. exchange. NASDAQ delivers the highest regulatory integrity and a robust body of high-value services for companies at all stages of public ownership.
Germantown, MD, October 16, 2007