SHENZHEN, China, May 17 /PRNewswire-Asia/ -- Jingwei International Limited (OTC Bulletin Board: JNGW; "Jingwei" or the "Company"), a leading provider of data mining, interactive marketing and software services in China, announced today that it has received approval from the NASDAQ Stock Market Listing Qualifications Department to list its common stock on the NASDAQ Global Market. The Company's common stock will commence trading on the NASDAQ Global Market at the opening of business on May 20, 2010.
The Company's trading symbol will remain "JNGW." The NASDAQ Global Market consists of over 1,450 companies that have applied for listing, having met and continue to meet stringent financial and liquidity requirements and agree to adhere to NASDAQ's specific corporate governance standards.
"We are happy to share this great news with our investors and shareholders," Chairman George Du said, "Given Jingwei's continued success and its proven capability to capitalize on the burgeoning growth of consumer and telecommunications expenditure in China, we believe the decision to move from the OTC market to the NASDAQ Global Market is timely as this will be a logical step to increase our exposure in the financial markets and generate value for our shareholders."
"We are very excited to receive the approval to list on the NASDAQ Global Market," said Mr. Rick Luk, CEO of Jingwei. "We are committed to continuing to grow our business while continuing to improve internal governance and strengthening accountability to build stronger credibility and confidence among our valued shareholders."
Commenting on the approval, Mr. Eric Landheer, Head of Asia Pacific for the NASDAQ OMX stated "We are pleased to welcome Jingwei International to join the other innovative growth companies from China that have chosen to list on the NASDAQ Stock Market."
About Jingwei International
Jingwei International Limited ("Jingwei") is a leading provider of data-mining, Interactive Marketing and Software Services in the fast growing Chinese market. Powered by advanced data mining technology and a proprietary database of over 400 million Chinese consumers, Jingwei enables leading Chinese companies as well as international brands to reach their target audiences. The Company's products and services include software services and system integration, data mining and business intelligence services, interactive marketing, mobile internet marketing, wireless VAS and Mobile Products. Jingwei is evolving into a dominant player in interactive marketing services and mobile internet marketing solutions in China.
For more information, please visit the Company's Web site: http://www.jingweicom.com .
Safe Harbor Statement
Certain of the statements made in the press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology. Such statements typically involve risks and uncertainties and may include financial projections or information regarding our future plans, objectives or performance. Actual results could differ materially from the expectations reflected in such forward-looking statements as a result of a variety of factors, including the risks associated with the effects of changing economic conditions in The People's Republic of China, variations in cash flow, reliance on new product development, variations in new product development, risks associated with rapid technological change, and the potential of introduced or undetected flaws and defects in products, and other risk factors detailed in reports filed with the Securities and Exchange Commission from time to time.
For more information, please contact:
Yong Xu or Vanessa Bao
Tel: +86-755-8631-9436
Email: vanessa@jingweicom.com
