Simtek Corporation to Ring NASDAQ Closing Bell on May 11, 2007
Thursday May 10, 6:30 am ET
COLORADO SPRINGS, Colo., May 10 /PRNewswire-FirstCall/ --
Simtek Corporation (Nasdaq: SMTK - News) the inventor, pioneer, and world's leading supplier of nonvolatile static random access memory (nvSRAM) integrated circuits, today announced that the Company's President and Chief Executive Officer, Harold Blomquist, will ring The NASDAQ Stock Market closing bell tomorrow, May 11, 2007. He will be joined by Mr. Brian Alleman, Chief Financial Officer and two Company employees who have contributed to the Company's success in significant ways, Ms. Kim Stankey, and Ms. Cindy Wade.
The bell-ringing ceremony will be broadcast on national business television at 4:00 pm ET from the NASDAQ's MarketSite broadcast studio in New York City and will be webcast live on NASDAQ's website: nasdaq.com
Harold Blomquist, Simtek President and CEO, commented, "We are excited to preside over the NASDAQ market close and view this occasion as an opportunity to acknowledge and thank all of those who contributed to our success, including our customers, partners, shareholders, and employees. Our recent re-listing on the NASDAQ Capital Market reflects the strong financial and other results we have delivered over the past year. We are pleased with our progress as a company and look forward to continued excitement and growth," concluded Blomquist.
On April 26, 2007, Simtek announced first quarter financial results, which included 66% product revenue growth year-over-year and $0.02 per share ex-item profit. The company guided for 2007 product revenue in excess of $40 million which is growth in excess of 40% versus 2006 and an ex-item profit for 2007 in the range of $0.23 - $0.29 per share.
On January 8, 2007 Simtek announced that the NASDAQ Stock Market approved its application for listing of the Company's common stock on the NASDAQ Capital Market under the symbol "SMTK." Simtek began trading on the NASDAQ Capital Market on Wednesday, January 10, 2007. |
