Science & Technology
Science and Technology
Science and Technology
Thu, October 7, 2010
Wed, October 6, 2010
Dynasil Announces Filing for NASDAQ Capital Market Listing
WATERTOWN, Mass.--([ BUSINESS WIRE ])--Dynasil Corporation of America (OTCBB: DYSL) today announced that it has filed an application to list its common stock on the NASDAQ Capital Market.
"We believe the move to the NASDAQ Capital Market is the next logical step in the Companya™s future growth and will enable us to increase our stocka™s trading liquidity, broaden our shareholder base and raise our profile in the investment community"
aWe believe the move to the NASDAQ Capital Market is the next logical step in the Companya™s future growth and will enable us to increase our stocka™s trading liquidity, broaden our shareholder base and raise our profile in the investment community,a said Craig T. Dunham, CEO of Dynasil. aWith our recent successes and record earnings, we believe that now is the time to move to a larger exchange. As we move forward with our growth strategy, a NASDAQ audience will allow us to attract additional investors and improve shareholder value.a
The NASDAQ listing application is subject to review and approval by NASDAQa™s Listing Qualifications Department for compliance with all NASDAQ Capital Market Standards. While the Company intends to satisfy all of NASDAQa™s requirements for initial listing, no assurance can be given that its application will be approved. The Companya™s common stock will continue to trade on the OTC Bulletin Board under its current symbol, DYSL.OB, during the NASDAQ review process.
On October 1, 2010, Dynasil relocated its corporate headquarters from New Jersey to Watertown, Massachusetts. aThrough acquisitions over the last five years, the Boston area now represents our largest concentration of commercial and research operations,a said Craig T. Dunham, Dynasil CEO. aWe are focused on continued organic growth along with commercialization of new technologies from RMD Research for nuclear detection as well as additional acquisitions.a
About Dynasil: Dynasil Corporation of America (OTCBB: DYSL), is a provider of technology, products, services and solutions aimed at making the world safer and healthier.The company supplies a broad range of customers by serving their specific needs in the medical, industrial, and homeland security/defense markets. The Company has operations in Massachusetts, New Jersey, New York and the UK.
This news release may contain forward-looking statements usually containing the words "believe," "expect," aplan,a atarget,a aintenda or similar expressions.These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act.Statements regarding future results of operations, projections, and expectations, including those relating to the listing of the Companya™s common stock on the NASDAQ Capital Market and the future growth of the Company, involve certain risks and uncertainties that could cause actual results to differ materially from the forward-looking statements.Factors that would cause or contribute to such differences include, but are not limited to, the factors detailed in the Company's Annual Report or Form 10-K, Quarterly Reports on Form 10-Q, as well as in the Company's other Securities and Exchange Commission filings, continuation of existing market conditions and demand for our products.
