Evans & Sutherland Computer
Corporation (E&S)
(NASDAQ: ESCC) today announced that on September 3, 2008, it
received approval from the Nasdaq Listing Qualifications Staff (the "Staff”)
to transfer the listing of E&S’s
securities from The Nasdaq Global Market to The Nasdaq Capital Market.
The transfer was effective with the open of business on Monday, August
25, 2008, pending receipt of the aforementioned Staff approval. Listing
on The Nasdaq Capital Market does not affect E&S’s
ticker symbol, which will remain "ESCC.”
The Nasdaq Capital Market is a continuous trading market that operates
in substantially the same manner as The Nasdaq Global Market. Effective
with the transfer of E&S’s securities to
The Nasdaq Capital Market, E&S became subject to the continued listing
requirements of The Nasdaq Capital Market instead of those of The Nasdaq
Global Market. E&S currently complies with all of the listing
requirements of The Nasdaq Capital Market.
Comments from David H. Bateman, President and Chief Executive Officer:
"E&S’s
securities have been trading on The Nasdaq Capital Market for just over
a week while awaiting this final approval. During this time the stock
price has steadily increased. The formal approval of E&S’s
transfer application completes E&S’s
listing on The Nasdaq Capital Market and enhances E&S’s
ability to focus on improving its performance and sustain continuing
improvement in our share price.”
Statements in this press release which are not historical, including
statements regarding E&S’ or management’s
intentions, hopes, beliefs, expectations, representations, projections,
plans or predictions of the future are forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995. The
Company assumes no obligation except as required by law to update the
forward-looking statements contained in this press release as a result
of new information or future events or developments. You can identify
these statements by the fact that they use words such as "anticipate,”
"estimate,”
"expect,”
"project,”
"intend,”
"should,”
"plan,”
"goal,”
"believe,”
"confident,” and
other words and terms of similar meaning in connection with any
discussion of future operating or financial performance together with
the negative of such expressions. Among the factors that could cause
actual results to differ materially are the following: the ability of
the Company to successfully integrate the Spitz business; the ability to
complete production models of its laser projectors without further
delays or higher costs; the Company’s ability
to successfully market both new and existing products domestically and
internationally; difficulties or delays in manufacturing; results of the
Board's evaluation of alternatives available to enhance value for
shareholders; and market and general economic conditions. A further list
and description of these risks, uncertainties and other matters can be
found in the Company’s reports filed with the
Securities and Exchange Commission.
E&S is a registered trademark of Evans & Sutherland Computer Corporation.