2009 Elecsys News
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February 27, 2009
Olathe, Kansas (February 27, 2009) - Elecsys Corporation announced today that its board of directors has approved the decision to switch the listing of its common stock from the NYSE Alternext U.S. LLC (formerly AMEX) to the NASDAQ Stock Market LLC. Effective as of the close of trading on March 9, 2009, the Company’s shares will commence trading on NASDAQ under the symbol ESYS.
"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 Karl Gemperli, President and CEO of Elecsys Corporation. "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 fastest execution and the lowest cost per trade. We are proud to be a part of The NASDAQ Stock Market."
About Elecsys Corporation
Elecsys Corporation tailors specific technology solutions for customers wherever high quality, reliability, and innovation are essential. Elecsys provides electronic design and manufacturing services, custom liquid crystal displays (“LCDs”), ultra-rugged mobile computing devices and wireless remote monitoring solutions to numerous industries worldwide. Markets served include energy infrastructure, aerospace, transportation, logistics, agriculture, law enforcement, safety, military, medical and other critical industries. Elecsys markets and supports certain proprietary technology and products under its DCI, Radix and NTG brand names. For more information, visit www.elecsyscorp.com.
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 about NASDAQ, visit the NASDAQ website at www.nasdaq.com or the NASDAQ Newsroom at www.nasdaq.com/newsroom.
Safe-Harbor statement: The discussions set forth in this press release may contain forward-looking comments based on current expectations that involve a number of risks and uncertainties. Actual results could differ materially from those projected or suggested in the forward-looking comments. The difference could be caused by a number of factors, including, but not limited to the factors and conditions that are described in Elecsys Corporation's SEC filings, including the Form 10-KSB for the year ended April 30, 2008. The reader is cautioned that Elecsys Corporation does not have a policy of updating or revising forward-looking statements and thus he or she should not assume that silence by management of Elecsys Corporation over time means that actual events are bearing out as estimated in such forward-looking statements.
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