MINNETONKA, Minn., May 21 /PRNewswire-FirstCall/ -- Communications Systems, Inc. today announced that it has been approved for listing on the NASDAQ Global Market under the symbol "JCS."
Trading on the NASDAQ Global Market is expected to commence on June 2, 2008. The Company's common stock will continue to trade on the American Stock Exchange until the market close on May 30, 2008.
"We are pleased to announce the Company's listing on the NASDAQ Global Market," commented Jeffrey K. Berg, the Company's President and Chief Executive Officer. "We believe the move to NASDAQ will improve the visibility of our stock, enhance trading liquidity in our shares, and provide the Company with greater exposure to institutional investors."
About Communications Systems, Inc.
Communications Systems, Inc. provides physical connectivity infrastructure and services for cost-effective broadband solutions and is a leading supplier of voice-grade connecting devices and wiring systems. CSI serves the broadband network market as the world's leading supplier of media conversion technology that permits networks to deploy fiber optic technology while retaining the copper-based infrastructure already embedded in the network. In addition, CSI supplies copper wire and fiber optic structured wiring systems for broadband networks, as well as line filters for digital subscriber line service. CSI also provides network design, training and management services.
Cautionary Statement
From time to time, in reports filed with the Securities and Exchange Commission, in press releases, and in other communications to shareholders or the investing public, the Communications Systems Inc. may make forward-looking statements concerning possible or anticipated future financial performance, business activities or plans which are typically preceded by the words "believes," "expects," "anticipates," "intends" or similar expressions. For these forward-looking statements, the Company claims the protection of the safe harbor for forward-looking statements contained in federal securities laws. Shareholders and the investing public should understand that these forward-looking statements are subject to risks and uncertainties which could cause actual performance, activities or plans after the date the statements are made to differ significantly from those indicated in the forward-looking statements when made.
