Northern Technologies International Corporation's Common Stock Approved for Listing on NASDAQ Global Market
17 Juin 2008 - 7:04PM
PR Newswire (US)
Stock will be listed as NTIC upon switch to NASDAQ MINNEAPOLIS,
June 17 /PRNewswire-FirstCall/ -- Northern Technologies
International Corporation (AMEX:NTI) announced today that it has
been approved for listing on the NASDAQ Global Market. NTIC's board
of directors approved the decision to switch the listing of NTIC's
common stock from The American Stock Exchange to The NASDAQ Stock
Global Market LLC(R) (NASDAQ:NTIC). The company expects its common
stock to begin trading on NASDAQ under the new symbol NTIC on or
around June 30, 2008. NTIC's common stock will continue to trade on
the American Stock Exchange under the old symbol, NTI, until such
date. (Logo:
http://www.newscom.com/cgi-bin/prnh/20080617/AQTU120LOGO) "Northern
Technologies' move to the NASDAQ will not only enhance trading
liquidity in our shares and provide greater exposure to
institutional investors, but also offer a better vehicle to promote
company growth and reach out to shareholders," said G. Patrick
Lynch, NTIC's chief executive officer. "Our move to the NASDAQ was
a logical step, reached after careful consideration of capital
market alternatives and an analysis of the electronic market model,
which offered increased visibility to our investors," explained
Lynch. About Northern Technologies International Corporation
Northern Technologies International Corporation (NTIC) focuses on
developing, marketing and selling proprietary environmentally
responsible materials science based products and technical services
directly and via a network of independent distributors,
manufacturers' representatives and joint ventures in over 50
countries. NTIC manufactures, markets and sells primarily rust and
corrosion inhibiting products and services for automotive,
electronics, electrical, mechanical and military applications, sold
under the brand names Zerust(R) and EXCOR(R). NTIC also offers
direct, worldwide on-site technical support on rust and corrosion
issues. NTIC's technical service representatives work directly with
the end users of NTIC's products to analyze their specific needs
and develop systems to meet their technical requirements. In
addition to Zerust products and services, NTIC's consolidated net
sales in North America for the six months ended February 29, 2008
included sales of NTIC's Natur-Tec(TM) products, which are part of
NTIC's new biodegradable and compostable plastics line. For more
information, visit http://www.ntic.com/. About NASDAQ NASDAQ(R) 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 on
NASDAQ, visit the NASDAQ Web site at http://www.nasdaq.com/ or the
NASDAQ Newsroom(SM) http://www.nasdaq.com/newsroom. Forward-Looking
Statements Statements contained in this press release that are not
historical information are forward-looking statements as defined
within the Private Securities Litigation Reform Act of 1995. Such
statements can be identified by words such as "expect,"
"anticipate," "continued," "estimate," "will," "would," or words of
similar meaning and any other statements that are not historical
facts. Such forward-looking statements are based upon the current
beliefs and expectations of NTIC's management and are inherently
subject to risks and uncertainties that could cause actual results
to differ materially from those projected or implied. Such
potential risks and uncertainties include, but are not limited to,
in no particular order: the contraction of the U.S. automobile
industry and its adverse effect on the demand for NTIC's Zerust
products, the failure of NTIC to realize any benefits, financial or
otherwise, from its efforts to expand the application of its
corrosion inhibiting technology into the oil and gas industry and
its product line, the difficulties and risks associated with NTIC's
international operations and its corporate joint ventures, and
NTIC's reliance on its joint ventures for distributions and fees
for technical services. More detailed information on these and
additional factors which could affect NTIC's operating and
financial results is described in the company's filings with the
Securities and Exchange Commission, including its most recent
annual report on Form 10-KSB and subsequent quarterly reports on
Form 10-QSB. NTIC urges all interested parties to read these
reports to gain a better understanding of the many business and
other risks that the company faces. Additionally, NTIC undertakes
no obligation to publicly release the results of any revisions to
these forward- looking statements, which may be made to reflect
events or circumstances occurring after the date hereof or to
reflect the occurrence of unanticipated events.
http://www.newscom.com/cgi-bin/prnh/20080617/AQTU120LOGO
DATASOURCE: Northern Technologies International Corporation
CONTACT: Matthew Wolsfeld of Northern Technologies International
Corporation, +1-763-225-6600, ; or Sarah Shamla of Tunheim
Partners, +1-952-851-7279, , for Northern Technologies
International Corporation Web site: http://www.ntic.com/
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