Global MAINTECH Announces Application for NASDAQ SmallCap Market
Wednesday September 15, 5:00 am Eastern Time
Company Press Release
SOURCE: Global MAINTECH Corporation
Global MAINTECH Announces Application for
NASDAQ SmallCap Market
MINNEAPOLIS, Sept. 15 /PRNewswire/ -- Global MAINTECH Corporation (OTC Bulletin Board: GLBMD;
Frankfurt: GOC), a worldwide leader in systems for data centers, today announced that it has submitted its
application to the NASD for listing its common shares of stock on the NASDAQ SmallCap Market. According to
the NASD, the process will take approximately six weeks from today.
This listing will be an appropriate complement to the recent listing of the Company's common stock with the Third
Segment Market Segment of the Frankfurt Stock Exchange.
``Listing the Company's common stock on the NASDAQ SmallCap exchange is an important milestone for us,' said
Jim Geiser, CFO of Global MAINTECH. ``Prior to making this application we had preliminary conversations with
authoritative people at the NASD regarding our qualification for this market. We expect the process to be pretty
routine based on those preliminary conversations. Although the NASD does not make promises in advance of the
application, the conversations helped the Company reach the decision that it should apply for this listing.'
About Global MAINTECH Corporation
Global MAINTECH supplies world-class systems (device and system consolidation, systems and network
management and storage products) to data centers. Products include the Virtual Command Center, a master console
that provides simultaneous control, operation and monitoring for mainframe, midrange, UNIX, Microsoft NT and
networks. The VCC can provide efficient consolidation of consoles for delivery of software features provided by
other companies in the enterprise management market and is able to respond to messages, events and alerts of a
computer enterprise at a single location. MAINTECH's Singlepoint Systems group sells system services and event
notification software, the Magnum Technologies group sells proprietary network and systems management software,
and the Breece Hill group sells proprietary tape storage libraries for mass storage in data centers.
Contacts:
Liviakis Financial Communications, Inc. Global MAINTECH Corporation
Wayne Thomsen, VP Media/Communications David McCaffrey, CEO
Email wtf@lfcnet.com, 916-448-6084 James Geiser, CFO, Secretary
612-944-0400
Forward-looking statements in this release are made pursuant to the ``safe harbor' provisions of the Private
Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risk
and uncertainties, including without limitations, continued use of the Company's services, and the continued
availability of labor resources.
SOURCE: Global MAINTECH Corporation |
