CE Franklin Ltd. Switches to the NASDAQ Stock Market
03 April 2009 - 8:12AM
PR Newswire (US)
CALGARY, April 2 /PRNewswire-FirstCall/ -- CE Franklin Ltd.
(TSX.CFT, NYSE Alternext US: CFK) announced today that its board of
directors has approved management's decision to switch the listing
of its common stock from the NYSE Alternext US stock exchange
("Alternext") to the NASDAQ Stock Market LLC ("NASDAQ"). The last
day of trading on Alternext will be Monday, April 13, 2009. The
company's shares will commence trading on the NASDAQ Global Market
on Tuesday, April 14, 2009 under its current symbol, "CFK". "This
decision was reached after careful consideration of capital market
alternatives and analysis of the electronic market model, which
provides added visibility to our investors," said Michael West,
President and Chief Executive Officer of CE Franklin Ltd. "We
believe that NASDAQ's electronic multiple market maker structure
will provide our company with enhanced exposure and liquidity,
while at the same time providing investors with the best prices,
the fastest execution, and the lowest cost per trade. We are proud
to be a part of NASDAQ." NASDAQ is the world's largest electronic
stock market, and hosts approximately 3,200 U.S. companies, more
than any other U.S. stock market. NASDAQ attracts leading growth
companies from a diverse group of sectors, including technology,
retail, communications, financial services, transportation, media
and biotechnology. About CE Franklin For more than half a century,
CE Franklin has been a leading supplier of products and services to
the energy industry. CE Franklin distributes pipe, valves, flanges,
fittings, production equipment, tubular products and other general
oilfield supplies to oil and gas producers in Canada as well as to
the oil sands, refining, heavy oil, petrochemical, forestry and
mining industries. These products are distributed through its 44
branches, which are situated in towns and cities serving particular
oil and gas fields of the western Canadian sedimentary basin.
Forward-looking Statements: The information in this news release
may contain "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934 and other applicable securities
legislation. All statements, other than statements of historical
facts, that address activities, events, outcomes and other matters
that CE Franklin plans, expects, intends, assumes, believes,
budgets, predicts, forecasts, projects, estimates or anticipates
(and other similar expressions) will, should or may occur in the
future are forward-looking statements. These forward-looking
statements are based on management's current belief, based on
currently available information, as to the outcome and timing of
future events. When considering forward-looking statements, you
should keep in mind the risk factors and other cautionary
statements and refer to the Form 20-F or our annual information
form for further detail. DATASOURCE: CE Franklin Ltd. CONTACT:
Investor Relations, (800) 345-2858, (403) 531-5604,
Copyright