Mts Medications (AMEX:MPP)
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MTS Medication Technologies, Inc. (“MTS”)
(AMEX:MPP) announced today that its Board of Directors has approved the
decision to switch the listing of its common stock from The American
Stock Exchange to The NASDAQ Stock Market LLC®.
On July 2, 2008, MTS provided The American Stock Exchange the required
written notice of MTS' intention to withdraw the listing of its common
stock from The American Stock Exchange. Effective July 15, 2008, MTS
will trade on The NASDAQ Capital Market under the new symbol
(NASDAQ:MTSI). MTS's common stock will continue to trade on The American
Stock Exchange under its current symbol MPP until such date.
“This decision was reached after careful
consideration of capital market alternatives and analysis of the
electronic market model, which provides added visibility to our
investors,” said Todd E. Siegel, Chairman and
Chief Executive Officer of MTS. “We believe
that NASDAQ’s electronic multiple market maker
structure will provide our company with enhanced exposure and liquidity,
while at the same time providing investors with the best prices, the
fastest execution and the lowest cost per trade. As the world’s
largest electronic stock market, NASDAQ promotes innovation and attracts
leading growth companies from a diverse group of sectors. We are proud
to be a part of The NASDAQ Stock Market.”
About MTS
Founded in 1984, MTS Medication Technologies (www.mts-mt.com)
is an international provider of medication compliance packaging systems
designed to improve medication dispensing and administration. MTS
manufactures automated packaging machines and related consumables for
prescription medications and nutritional supplements. The Company serves
more than 8,000 pharmacies worldwide.
About NASDAQ®
NASDAQ is the largest U.S. electronic stock market. With approximately
3,200 companies, it lists more companies and, on average, its systems
trade more shares per day than any other U.S. market. NASDAQ is home to
companies that are leaders across all areas of business including
technology, retail, communications, financial services, transportation,
media and biotechnology. NASDAQ is the primary market for trading
NASDAQ-listed stocks. For more information, visit NASDAQ Web site at www.nasdaq.com
or at www.nasdaq.com/newsroom.
This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. Such
statements include the anticipated timing of the trading of MTS' common
stock on The NASDAQ Capital Market, the effect of such listing on MTS,
its common stock and investors, and the expectation of an orderly
transfer to NASDAQ from The American Stock Exchange. Forward-looking
statements are based on current expectations and assumptions, and entail
various risks and uncertainties that could cause actual results to
differ materially from those expressed in such forward-looking
statements. Important factors known to MTS that could cause actual
results to differ materially from those expressed in such
forward-looking statements include the ability of MTS to continue to
satisfy initial listing requirements of The NASDAQ Capital Market and
other factors identified and discussed from time to time in MTS' filings
with the Securities and Exchange Commission, including those factors
discussed in MTS' most recent annual report on Form 10-K and subsequent
quarterly reports on Form 10-Q, which discussions also are incorporated
herein by reference. All forward-looking statements speak only as of the
date of this release. MTS undertakes no obligation to update or revise
any forward-looking statement, whether as a result of new information,
future events or otherwise.