WRDP moves to Nasdaq on Nov. 23 (Inside)
WorldPort Communications Announces Listing on Nasdaq; Trading to Commence on November 23, 1998
ATLANTA, Nov. 20 /PRNewswire/ -- WorldPort Communications, Inc. (OTC Bulletin Board: WRDP - news) announced today its common stock will commence trading on the Nasdaq SmallCap Market beginning on Monday, November 23, 1998. WorldPort will continue to trade under its current trading symbol, WRDP.
Phillip Magiera, Chief Financial Officer said, ''The listing of WorldPort stock on the Nasdaq Small-Cap Market represents a watershed event in the history of the company and we are extremely pleased. Given the expanded scope of our operations in the United States, Europe and Latin America, as well as the significant customer and vendor relationships that we have developed over the past year, this change will provide WorldPort and its shareholders the market visibility we believe is deserved.''
The Nasdaq Stock Market®, the world's first electronic stock market, has brought millions of investors together with some of the world's most innovative companies. Nasdaq lists over 5,000 companies and trades more shares per day than any other major U.S. market. It is among the world's best-regulated stock markets, employing the industry's most sophisticated surveillance systems and regulatory specialists to protect investors and provide a fair and competitive trading environment.
WorldPort Communications, Inc., headquartered in Atlanta, Georgia (USA) is ''The Next Generation Carriers' Carrier'' providing international long distance and Internet services primarily to The Americas, Europe and Asia-Pacific. The Company is deploying a seamless global network to provide least-cost interconnectivity and high capacity bandwidth products for voice, data, video and Internet traffic to long distance carriers, multi-national corporate customers, distributors and Internet service providers.
WorldPort is focused on providing customers a true end-to-end solution by routing traffic through a seamless system of undersea fiber-optic network cables, advanced circuit and packet switches and high efficiency gateways in strategic markets worldwide. WorldPort is expanding its global network through internal business development, acquisitions and international strategic alliances.
This press release includes statements that may constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties that could cause actual results to differ materially from the forward looking statements. Factors which would cause or contribute to such differences include, but are not limited to factors detailed in the Company's Securities and Exchange Commission filings.
SOURCE: WorldPort Communications, Inc.
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