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Biotech / Medical : COMPUTERIZED THERMAL IMAGING (COII)- research only -- Ignore unavailable to you. Want to Upgrade?


To: chirodoc who wrote (229)6/27/2000 1:59:00 PM
From: chirodoc  Respond to of 256
 
COII Receives Approval to be Listed on Nasdaq
LAYTON, Utah--(BUSINESS WIRE)--June 27, 2000--Computerized Thermal Imaging, Inc. (OTCBB symbol: COII - news) announced today that its stock has been approved for listing on the Nasdaq National Market. The Company's common stock will continue to trade under the symbol COII. The Company anticipates that trading of its common stock on Nasdaq will begin on June 29, 2000.

``Our move to Nasdaq is a milestone that recognizes our continued growth and maturity and provides our more than 28,000 shareholders with a broader and more stable market environment. We are particularly pleased to make this announcement in connection with our stockholders meeting,'' stated David Packer, CTI president. ``We believe that this move opens our doors to institutional investors that have heretofore remained on the sidelines and provides access to the capital markets to move us beyond the development stage.''

CTI is seeking FDA approval for the use of the Computerized Thermal Imaging System as an adjunctive diagnostic test to the mammogram and clinical examination for the detection of breast cancer. The test is simple, painless and involves no radiation, breast compression, electrodes, electrical current or skin contact. CTI also recently announced the evaluation of their technology for new occupational medicine applications.