Chyron to List on the NASDAQ Global Market
20 August 2008 - 6:01AM
Business Wire
Chyron (AMEX: CGS), a leading provider of broadcast-quality digital
graphics solutions for television stations and networks and for
online, out of home and mobile applications, today announced that
it has been approved for listing on the NASDAQ Global Market under
the ticker symbol �CHYR.� Trading is expected to commence on the
NASDAQ Global Market on September 3, 2008. The Company�s common
stock will continue to trade on the American Stock Exchange under
its current symbol �CGS� until the close of the market on September
2, 2008. Jerry Kieliszak, Chyron Senior Vice President and CFO,
commented, �We are excited to have been approved for listing on the
NASDAQ Global Market, as it represents another milestone in the
progress of Chyron. A NASDAQ listing, we believe, will provide our
shares with increased visibility among investors, and we expect
that trading through the electronic multiple market maker system
will help to improve Chyron�s trading liquidity, which will be of
benefit to the Company and shareholders alike.� About Chyron Chyron
continues to define the world of digital and broadcast graphics
with newsroom, Web, Mobile, HD and 3D integration solutions. Winner
of numerous awards, including two Emmys, Chyron has proven itself
as a leader in the industry with sophisticated graphics offerings
that include Online, Chyron's AXIS Graphics online content creation
software, HD/SD switchable on-air graphics systems, clip servers,
channel branding and telestration systems, graphic asset management
and XMP integration solutions, and the award-winning WAPSTR mobile
phone newsgathering application, as well as digital signage. For
more information about Chyron�s products and services, please visit
the Company's websites at www.chyron.com, www.chytv.com and
www.axisgraphics.tv. Special Note Regarding Forward-looking
Statements This press release contains �forward-looking statements�
within the meaning of the Private Securities Litigation Reform Act
of 1995, including statements relating to the expected date that
trading will commence on the NASDAQ Global Market and increased
liquidity and other benefits of a NASDAQ listing. These
forward-looking statements are based on management's current
expectations and are subject to certain risks and uncertainties
that could cause actual results to differ materially from those set
forth in or implied by such forward-looking statements. These risks
and uncertainties include, but are not limited to, product
concentration in a mature market, dependence on the emerging
digital market and the industry's transition to digital television
(�DTV�) and high definition television (�HDTV�), Chyron�s ability
to integrate its AXIS online graphics creation solution into its
product offerings and to generate profits from AXIS, consumer
acceptance of DTV and HDTV, resistance within the broadcast or
cable industry to implement DTV and HDTV technology, rapid
technological changes, continued growth, use and improvement of the
Internet, new technologies that could render certain Chyron
products to be obsolete, competitors with significantly greater
financial resources, new product introductions by competitors,
seasonality, ability to maintain adequate levels of working
capital, Chyron's ability to successfully maintain the level of
operating costs, expansion into new markets and other factors
discussed under the heading �Risk Factors� contained in Item 1A in
Chyron's Annual Report on Form 10-K for the year ended December 31,
2007, which has been filed with the Securities and Exchange
Commission, as well as any updates to those risk factors filed from
time to time. All information in this press release is as of the
date of the release, and Chyron undertakes no duty to update this
information unless required by law.
Citigrp Sequins Ebay (AMEX:CGS)
Historical Stock Chart
From Oct 2024 to Nov 2024
Citigrp Sequins Ebay (AMEX:CGS)
Historical Stock Chart
From Nov 2023 to Nov 2024