Ivivi Technologies Approved for Listing on NASDAQ Stock Market
December 21 2007 - 4:05PM
Business Wire
Ivivi Technologies, Inc. (AMEX:II), a leader in non-invasive,
electrotherapeutic technologies, today announced that it has
received approval for the listing of its common stock on the NASDAQ
Capital Market and intends to withdraw its common stock from
listing on the American Stock Exchange. Ivivi anticipates that
trading of its common stock on the NASDAQ Capital Market will begin
on January 2, 2008 under the symbol NASDAQ: IVVI. Ivivi also
expects that the trading of its common stock on the American Stock
Exchange will cease at the close of business on December 31, 2007.
�The decision to move to NASDAQ was reached after careful
consideration of capital market alternatives and analysis of the
electronic market model, which should provide added visibility to
our investors,� said Andre� DiMino, Vice Chairman and Co-CEO of
Ivivi. David Saloff, Co-CEO added, �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 better prices, faster execution, and lower
cost per trade. We are proud to be a part of The NASDAQ Stock
Market.� NASDAQ� is the largest U.S. electronic stock market. With
approximately 3,200 companies, it lists more companies and, on
average, its systems trade more shares per day than any other U.S.
market. NASDAQ is home to companies that are leaders across all
areas of business including technology, retail, communications,
financial services, transportation, media and biotechnology. NASDAQ
is the primary market for trading NASDAQ-listed stocks. For more
information about NASDAQ, visit the NASDAQ Web site at
http://www.nasdaq.com or the NASDAQ NewsroomSM
http://www.nasdaq.com/newsroom. About Ivivi Technologies, Inc.
Based in Northvale, NJ, Ivivi Technologies, Inc. is a medical
technology company focusing on designing, developing and
commercializing its proprietary electrotherapeutic technology
platform. Ivivi�s research and development activities are focused
specifically on pulsed electromagnetic field, or PEMF, technology,
which, by creating a therapeutic electrical current in injured soft
tissue, modulates biochemical and physiological healing processes
to help repair the injured tissue and reduce related pain and
inflammation. The Company�s Electroceuticals� have been used in
non-invasive treatments for a wide array of conditions, including
chronic wounds, pain and edema following plastic and reconstructive
surgery and chronic inflammatory disorders. Forward-Looking
Statements This release contains "forward-looking statements" made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995 including those related to our
cardiac study at the Cleveland Clinic, strategic partnerships and
future sales. Forward-looking statements reflect management's
current knowledge, assumptions, judgment and expectations regarding
future performance or events. Although management believes that the
expectations reflected in such statements are reasonable, they give
no assurance that such expectations will prove to be correct and
you should be aware that actual results could differ materially
from those contained in the forward-looking statements.
Forward-looking statements are subject to a number of risks and
uncertainties, including, but not limited to, the Company�s limited
operating history, history of significant and continued operating
losses and substantial accumulated earnings deficit, difficulties
with its financial accounting controls, the failure of the market
for the Company�s products to continue to develop, the inability
for customers to receive third party reimbursement, the inability
to obtain additional capital, the inability to protect the
Company�s intellectual property, the loss of any executive officers
or key personnel or consultants, competition, changes in the
regulatory landscape or the imposition of regulations that affect
the Company�s products and other risks detailed from time to time
in the Company�s filings with the Securities and Exchange
Commission, including the Company�s Form 10-KSB for the fiscal year
ended March 31, 2007. The Company assumes no obligation to update
the information contained in this press release.
Equifin (AMEX:II)
Historical Stock Chart
From Oct 2024 to Nov 2024
Equifin (AMEX:II)
Historical Stock Chart
From Nov 2023 to Nov 2024