Forbes Medi-Tech Announces Trading of Common Shares on Post-Exchange Basis
04 Marzo 2008 - 12:15AM
Marketwired
VANCOUVER, BRITISH COLUMBIA (NASDAQ: FMTI)(NASDAQ: FMTID)
("Forbes") today announced that its common shares are now trading
on NASDAQ and the TSX on a post-exchange basis. Initially, the
trading symbol for Forbes' shares trading on NASDAQ will be
"FMTID", - an interim symbol to denote the post-exchange status.
The trading symbol "FMI" for Forbes' shares trading on the TSX
remains unchanged.
This post-exchange trading follows the formal completion of the
previously announced reorganization involving the exchange of New
Forbes shares for Old Forbes shares on the basis of one (1) common
share of New Forbes for every eight (8) common shares of Old
Forbes.
About Forbes Medi-Tech Inc.
Forbes Medi-Tech Inc. is a life sciences company dedicated to
the research, development and commercialization of innovative
products for the prevention and treatment of life-threatening
disease. Our strategy and vision is to develop and market a
portfolio of products for the benefit of all consumers, from the
healthy person desiring consumer lifestyle products that can help
reduce the risk of future disease, to medical patients needing
therapeutic prescription products for the treatment of an
established ailment. Additional information on Forbes Medi-Tech can
be found at www.forbesmedi.com.
This News Release contains forward-looking statements and
information regarding the trading symbol for shares of Forbes
Medi-Tech Inc. on Nasdaq, and Forbes' strategy and vision.
Forward-looking statements and information can be identified by the
use of forward-looking terminology such as "will", "strategy",
"vision", "to develop" or comparable terminology referring to
future events or results. Forward-looking statements and
information are statements and information about the future and are
inherently uncertain. The Company's actual achievements and other
results and occurrences could differ materially from those
anticipated in these forward-looking statements and information due
to a variety of risks, uncertainties and other factors, including,
without limitation, the fact that trading symbols are subject to
change without notice; uncertainty about whether Forbes will regain
compliance with Nasdaq's minimum bid price listing standard;
uncertainty about the timing and outcome of the hearing, scheduled
for late March, with the Nasdaq Listing Qualifications Panel, which
may result in Forbes' loss of its Nasdaq listing; uncertainty
whether Forbes will be able to continue to maintain either its TSX
or its Nasdaq listing; the need for additional funding in the near
term, which may not be available in a timely manner or at all, and
if not so obtained, will have a material adverse effect on Forbes;
the risk of unanticipated costs or expenses; uncertainty whether
the Company will realize is strategies and vision; changes in
business strategy or development plans; as well as a description of
other risks and uncertainties affecting the Company and its
business, as contained in news releases and filings with the United
States Securities and Exchange Commission and Canadian Securities
Regulatory Authorities, any of which could cause actual results to
vary materially from current results or the Company's anticipated
future results. Forward-looking statements and information are
based on the assumptions, beliefs, opinions and expectations of the
Company's management at the time they are made, and, except as
required by applicable law the Company does not assume any
obligation to update its forward-looking statements or information
if those assumptions, beliefs, opinions or expectations or other
circumstances should change.
NASDAQ and the Toronto Stock Exchange have not reviewed and do
not accept responsibility for the adequacy or accuracy of the
content of this News Release.
Contacts: Forbes Medi-Tech Inc. Investor Relations (604)
681-8976 Email: ir@forbesmedi.com Website: www.forbesmedi.com
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