GameTech announces stock listing transfer
(US).- GameTech International received notice that the NASDAQ Stock Market, had approved the Company’s application to transfer its common stock from the Nasdaq Global Market to the Nasdaq Capital Market.
In connection with the transfer to the Capital Market, Nasdaq notified the Company that it had granted the Company an additional 180 calendar days, or until August 1st of 2011, to regain compliance with the US$1.00 per share minimum closing bid price requirement for continued listing on the Nasdaq Capital Market.
The Company's common stock began trading on the Capital Market, and ceased trading on the Global Market, at the opening of business, February 1st of 2011. The trading symbol for the Company's common stock remains "GMTC." According to Nasdaq, the Capital Market operates in substantially the same manner as the Global Market.
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