Norsat to Ring Closing Bell of NYSE on
February 10, 2015
VANCOUVER, Feb. 10,
2015 /PRNewswire/ - Norsat International Inc.
("Norsat") (TSX: NII and NYSE MKT: NSAT), a leading provider of
innovative communication solutions that enable the transmission of
data, audio and video for remote and challenging applications,
today announced that its shares of common stock will commence
trading on the NYSE MKT, at the opening of the market on
February 10, 2015. Norsat's
ticker symbol will be "NSAT" and its shares will cease trading on
the OTCBB concurrent with the listing of its shares on the NYSE
MKT. The Company's Common Shares will also continue to trade on the
Toronto Stock Exchange (the "TSX") under the symbol "NII."
As part of the listing process, members of the
board and management of Norsat, including Mr. Fabio Doninelli, Chairman, Mr. Joseph Caprio, Director, Dr. Amiee Chan, President and CEO, and Mr.
Arthur Chin, CFO, will ring the
closing bell of the NYSE on February 10,
2015 to celebrate its new listing. To view the live
ceremony, go to: https://www.nyse.com/bell. A video of the
bell ringing will also be available within a few hours after the
live event at: http://www.norsat.com/investors/events/
Dr. Amiee Chan,
chief executive officer of Norsat, commented, "We are excited about
commencing our new listing on the NYSE MKT and honored to be
participating in the closing bell ceremony of this well-established
institution, the New York Stock Exchange. I commend our employees
for their hard work and devotion into making Norsat a leading
company within the customized communications marketplace. By
listing on the NYSE MKT it will offer our shareholders expanded
visibility and liquidity by providing access to a much broader
segment of the investment community that is able to acquire and
trade the company's shares, as well as appreciate many of the
financial accomplishments we have made in recent years. We look
forward to the future with much excitement."
NYSE MKT is a fully integrated trading venue
within the NYSE community and leverages the NYSE's advanced and
innovative market model to offer a premier value for listing and
trading the stocks of small companies. The venue utilizes the
trading, connectivity and routing technologies of the NYSE platform
and offers superior price discovery, superior liquidity and reduced
trading volatility. Listed companies benefit from issuer-selected
Designated Market Makers (DMM) that utilize world-class NYSE
trading systems to discover and improve prices, dampen volatility,
add liquidity and enhance value. In addition, NYSE MKT-listed
companies gain access to the brand visibility and are eligible for
the issuer services enjoyed by the NYSE community.
About Norsat International Inc.
Founded
in 1977, Norsat International Inc. is a leading provider of
innovative communication solutions that enable the transmission of
data, audio and video for remote and challenging applications.
Norsat's products and services include leading-edge product design
and development, production, distribution and infield support and
service of fly-away satellite terminals, microwave components,
antennas, Radio Frequency (RF) conditioning products, maritime
based satellite terminals and remote network connectivity
solutions. More information is available at www.norsat.com, via
email at investor@norsat.com or by phone at 1-604-821-2800.
Forward Looking Statements
The
discussion and analysis of this news release contains
forward-looking statements concerning anticipated developments in
Norsat's operations in future periods, the adequacy of its
financial resources and other events or conditions that may occur
in the future. Forward-looking statements are frequently, but not
always, identified by words such as "expects," "anticipates,"
"believes," "intends," "estimates,", "predicts," "potential,"
"targeted," "plans," "possible" and similar expressions, or
statements that events, conditions or results "will," "may,"
"could" or "should" occur or be achieved. These forward-looking
statements include, without limitation, statements about Norsat's
market opportunities, strategies, competition, expected activities
and expenditures as it pursues its business plan, the adequacy of
available cash resources and other statements about future events
or results. Forward-looking statements are statements about the
future and are inherently uncertain, and actual achievements of the
Company or other future events or conditions may differ materially
from those reflected in the forward-looking statements due to a
variety of risks, uncertainties and other factors, such as business
and economic risks and uncertainties. The forward-looking
statements are based on the beliefs, expectations and opinions of
management on the date the statements are made. Consequently, all
forward-looking statements made in this news release are qualified
by this cautionary statement and there can be no assurance that
actual results or anticipated developments will be realized. For
the reasons set forth above, investors should not place undue
reliance on forward-looking statements. These forward-looking
statements are made as of the date of this news release and Norsat
assumes no obligation to update or revise them to reflect new
events or circumstances, other than as required by law.
SOURCE Norsat International Inc.