ADDvantage Technologies (NASDAQ: AEY) presided over the closing bell ceremony for the NASDAQ Stock Market. In attendance were Ken Chymiak, President and CEO; Dan O’Keefe, CFO; David Burke, Senior Account Executive, KCSA Worldwide; Bob McCooey, Senior Vice President of the Capital Markets Group, NASDAQ and NASDAQ Directors Stephen Chalmers and Andrew Hall.
In his comments prior to the closing of the market, Chymiak said:
“I would like to thank the NASDAQ Stock Market for having us here today to take part in the closing bell ceremony. It is truly an honor to have been invited.
“As of yesterday, September 12th, ADDvantage Technologies Group completed the listing of its shares on the NASDAQ capital market. This is a momentous occasion for the Company, as it recognizes the progress we have made during the past several years. In the last three quarters, the growth we’ve seen in both revenue and profitability has been extremely encouraging and, more importantly, we are very well positioned to continue building upon this growth as we move forward. We’ve secured valuable inventory, made important strategic acquisitions and signed new partnerships, which give me a great deal of confidence in what the future holds for ADDvantage.
“This move, and the success that preceded it, would not have been possible without the many contributions from our valued employees, customers and vendors alike, and I would like to take the opportunity to thank all of those individuals who have helped us over the years to get to where we are today.
“We view this as an exciting opportunity for ADDvantage, and we look forward to being involved with the NASDAQ community for years to come.”
About ADDvantage Technologies Group, Inc.
ADDvantage Technologies Group, Inc. supplies the cable television (CATV) industry with a comprehensive line of new and used system-critical network equipment and hardware from leading manufacturers, including Scientific-Atlanta and Motorola, as well as operating a national network of technical repair centers. The equipment and hardware ADDvantage distributes are used to acquire, distribute, and protect the broad range of communications signals carried on fiber optic, coaxial cable and wireless distribution systems, including television programming, high-speed data (Internet) and telephony.
ADDvantage operates through its subsidiaries, Tulsat Corporation, ADDvantage Technologies Group of Nebraska, Inc., NCS Industries, Inc., ADDvantage Technologies Group of Missouri, Inc., ADDvantage Technologies Group of Texas, Tulsat-Atlanta, LLC, Jones Broadband International, Inc. and Tulsat-Pennsylvania LLC. For more information, please visit the corporate web site at www.addvantagetech.com.
The information in this announcement may include forward-looking statements. All statements, other than statements of historical facts, which address activities, events or developments that the Company expects or anticipates will or may occur in the future, are forward-looking statements. These statements are subject to risks and uncertainties, which could cause actual results and developments to differ materially from these statements. A complete discussion of these risks and uncertainties is contained in the Company’s reports and documents filed from time to time with the Securities and Exchange Commission.
