WVT Communications Group Announces Transfer of Common Stock Listing to NYSE MKT
26 Outubro 2012 - 11:00AM
Marketwired
Warwick Valley Telephone Company (NASDAQ: WWVY), referred to as WVT
Communications Group or the Company, the parent company of leading
cloud communications pioneers, today announced the pending transfer
of the listing of its common stock from the NASDAQ Global Market
("NASDAQ") to the NYSE Euronext's NYSE MKT ("NYSE MKT"). The
Company expects to begin trading on the NYSE MKT on November 6,
2012, under the new ticker symbol "WVT", and will ring the opening
bell that morning. Until the transfer is complete, the Company's
common stock will continue to trade under the ticker symbol "WWVY"
on NASDAQ.
"WVT Communications Group is pleased to obtain a listing on the
NYSE MKT as the latest step in our transformation and rebranding as
a leading Cloud-based Unified Communications services provider,"
said Duane W. Albro, WVT Communication Group's Chief Executive
Officer. "The new national exchange listing with the NYSE MKT and
new ticker symbol of WVT is part of our transformation, which
includes our upcoming corporate restructuring as a holding company
and the eventual official name change at the parent company level
to WVT Communications Group. The added benefit of transferring the
listing of our common stock to NYSE MKT is our belief that it will
result in improved liquidity and heightened awareness in the
financial community and capital markets."
"WVT Communications Group and the NYSE Euronext value our
respective commitments to stakeholders, customers and the
communities we serve," said Scott Cutler, EVP and Head of Global
Listings, NYSE Euronext. "With this shared commitment as a
foundation for our partnership, we are delighted to welcome WVT
Communications Group to the NYSE MKT and our listed company
community. We look forward to a long-standing and beneficial
relationship with WVT Communications Group and its shareholders,
and to providing the superior liquidity, services and visibility
associated with listing on our market."
About WVT Communications Group: WVT
Communications Group is a world technology leader in providing
cloud-based Unified Communications (UC) solutions for small, medium
and enterprise businesses. The Company has maintained a tradition
of paying dividends to shareholders for 104 consecutive years.
Founded in 1902, the Company has continued to adapt and remain on
the forefront of technology, chiseling its position among the most
stable and respected communications vendors on the globe. Moving
forward, it is forging the new model that communications providers,
large and small, are striving to emulate. WVT Communications Group
is merging new innovations, such as those from Alteva and USA
Datanet, with proven technology from industry leaders like
Microsoft, Cisco, BroadSoft, Panasonic, and Polycom to build the
ideal hosting architecture for communications.
Through its USA Datanet (targeting businesses under 35
employees), Alteva (targeting businesses over 35 employees and
those with branch offices), and Warwick Valley Telephone (a
highly-respected traditional telecom provider turned premier
regional broadband company) businesses, WVT Communications Group is
enabling businesses of any size to communicate more efficiently
with hassle-free communications tools. By overlaying a UC division
on its stabile, regional broadband company, WVT Communications
Group has positioned itself in front of its peer legacy telecom
companies and created an evolutionary change in its strategy. With
this, the Company may offer its residential customers a similar
suite of UC applications and services for use in a home environment
that its business customers can enjoy. Visit www.wvtcg.com or call
855-U-GO-CLOUD.
Safe Harbor Statement
This press release contains "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934, including
statements, without limitation, regarding expectations, beliefs,
intentions or strategies regarding the future. WVT Communications
Group intends that such forward-looking statements be subject to
the safe-harbor provided by the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements involve known
and unknown risks, uncertainties and other factors that may cause
WVT Communications Group's actual results, performance or
achievements or industry results to be materially different from
any future results, performance or achievements expressed or
implied by such forward-looking statements. Such factors include,
among others, the following: general economic and business
conditions, both nationally and in the geographic regions in which
WVT Communications Group operates; industry capacity; demographic
changes; technological changes and changes in consumer demand; the
successful integration of WVT Communication Group's acquired
businesses; existing governmental regulations and changes in, or
the failure to comply with, governmental regulations; legislative
proposals relating to the businesses in which WVT Communication
Group operates; reduction in cash distributions from the Orange
County-Poughkeepsie Limited Partnership; competition; or the loss
of any significant ability to attract and retain qualified
personnel. Given these uncertainties, current and prospective
investors should be cautioned in their reliance on such
forward-looking statements. Except as required by law, WVT
Communications Group disclaims any obligation to update any such
factors or to publicly announce the results of any revision to any
of the forward-looking statements contained herein to reflect
future events or developments. A more comprehensive discussion of
risks, uncertainties and forward-looking statements may be seen in
WVT Communications Group's Annual Report on Form 10-K and other
periodic filings with the U.S. Securities and Exchange
Commission.
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