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 (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.
"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. -- Northern Technologies International Corporation
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