LONDON-Digital cellular location technology provider CellPoint Inc. reported its application to list its common stock on the Nasdaq National Market was approved and is expected to begin trading July 12 under the symbol “CLPT.”
“This is a major milestone for us as a company,” said Peter Henricsson, chairman and chief executive officer of CellPoint. “The Nasdaq National Market listing opens us to investors and institutions whose policies or bylaws prevent investing in so-called `penny stocks.’ It increases our visibility to investors worldwide, keeping pace with the spread of our technology and services worldwide.”
