Noble International, Ltd. Announces Move to Nasdaq National Market System
1 July 1999
Noble International, Ltd. Announces Move to Nasdaq National Market SystemBLOOMFIELD HILLS, Mich., June 30 -- Noble International, Ltd. ("Noble") (Amex: NIL) today announced that its common stock has been approved for listing on the Nasdaq National Market System. It is anticipated that Noble's common stock will commence trading under the symbol "NOBL" on July 7, 1999. Concurrently with the move to Nasdaq, Noble will reincorporate in Delaware in accordance with the shareholder vote obtained at its April 26, 1999 annual meeting. Noble believes the listing on Nasdaq will enhance its position in the financial marketplace by providing greater visibility and investor liquidity. In addition, Noble is confident Nasdaq's multiple dealer market system will benefit investors. "This is a strategic move forward for Noble and a significant opportunity for our shareholders," stated Robert J. Skandalaris, Noble's Chairman & CEO. "We believe that the move to Nasdaq will enhance the market for the common stock and provide greater buying and selling opportunities." Noble International, Ltd. is a leading full-service supplier of automotive parts, technology, component assemblies and value-added services to the automotive industry. As a supplier, Noble provides design, engineering, manufacturing, complete program management and other services to the automotive market. Noble delivers integrated component solutions, technological leadership and product innovation to original equipment manufacturers (OEMs) and Tier I automotive suppliers, thereby helping Noble's customers increase their productivity while controlling costs. Certain statements in this news release maybe "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933. Statements regarding future prospects and developments are based upon current expectations and involve certain risks and uncertainties that could cause actual results and developments to differ materially from the forward-looking statements.