Procera Networks Announces Move to The NASDAQ Stock Market
December 15 2011 - 6:00AM
Marketwired
Procera Networks, Inc. (NYSE Amex: PKT), the intelligent policy
enforcement company, today announced that it will voluntarily
transfer its stock exchange listing from the NYSE Amex Exchange to
The NASDAQ Stock Market LLC (NASDAQ: NDAQ). The Company expects
trading to commence on the NASDAQ Global Market on December 29,
2011. Procera Networks' common stock will continue to be listed
under the ticker symbol "PKT."
"We believe a NASDAQ listing provides us with greater visibility
for our company within the investment community, in line with our
objective to further expand our investor base and maximize value
for our shareholders," said Jim Brear, president and CEO of Procera
Networks. "We look forward to joining the impressive group of
leading technology companies already listed on the NASDAQ."
About Procera Networks, Inc. Procera
Networks Inc. delivers Intelligent Policy Enforcement (IPE)
solutions, leveraging advanced Deep Packet Inspection (DPI)
technology, designed to enable carriers, services providers and
higher education institutions to improve the quality and lifetime
of their networks, better monetize their infrastructure
investments, control hazards and create attractive services for
their users by making qualified business decisions based on
granular user and traffic intelligence, delivered through
PacketLogic Report Studio. Procera's core product suite, the
PacketLogic line of platforms, is an engine that drives the PCC
(Policy and Charging Control) ecosystem by enforcing advanced
network and service policies.
Cautionary Note Regarding Forward-Looking
Statements This press release contains forward-looking
statements, including statements relating to Procera's plans to
transfer its listing from the NYSE Amex Exchange to The NASDAQ
Stock Market LLC. Any statements in this release that are not
historical or current facts are forward-looking statements. All
forward-looking statements in this release are made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995. These statements are not guarantees of future
performance and involve known and unknown risks, uncertainties and
other factors that may cause Procera's actual results, performance
or achievements to be materially different from any future results,
performances or achievements expressed or implied by the
forward-looking statements. These risks and uncertainties include,
without limitation, risks and uncertainties related to market
conditions, actions taken and decisions made by the NYSE Amex
Exchange and The NASDAQ Stock Market LLC and those included from
time to time in documents Procera files with the Securities and
Exchange Commission. Given these risks and uncertainties, investors
should not place undue reliance on forward-looking statements as a
prediction of actual results. These forward-looking statements
speak only as of the date hereof, and Procera undertakes no
obligation to update, amend or clarify any forward-looking
statement for any reason.
Press Contact Fran Lowe Engage PR for Procera Networks
510-748-8200 x225 flowe@engagepr.com Investor Relations
Contact Charles Messman or Todd Kehrli MKR Group Inc.
323-468-2300 pkt@mkr-group.com
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