Optelecom-NKF, Inc. recently 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.
