American CareSource Holdings Announces Move to Nasdaq
September 18 2008 - 2:05PM
Marketwired
American CareSource Holdings, Inc. (AMEX: XSI) today announced that
its Board of Directors has approved the decision to switch the
listing of its common stock from the American Stock Exchange to The
NASDAQ Stock Market�. Effective Monday, September 29, 2008, the
Company will trade under the symbol Nasdaq: ANCI. The Company will
continue to trade on the American Stock Exchange under the old
symbol, XSI, through Friday, September 26, 2008. In addition, the
Company will ring The NASDAQ Stock Market Closing Bell on October
9, 2008.
Commenting on today's announcement, David S. Boone, Chief
Executive Officer of American CareSource, stated, "The decision to
trade on The NASDAQ Stock Market was made after careful
consideration of capital market alternatives and analysis of the
electronic market model. We believe that The NASDAQ Stock Market
will provide our investors with a more transparent electronic
market to aid their trading efficiency and liquidity needs. Our
move to the NASDAQ is an important step in the evolution of our
Company that is consistent with the successful execution of our
growth strategy and as we continually expand our investor
base."
About Ancillary Healthcare Services
American CareSource provides ancillary healthcare services
through its network that offers cost effective alternatives to
physician and hospital-based services. This market is estimated at
$574 billion, and has grown to 30% of total national health
expenditures. These providers offer services in over 30 categories,
including laboratories, dialysis centers, free-standing diagnostic
imaging centers, non-hospital surgery centers, as well as durable
medical equipment such as orthotics and prosthetics, and
others.
About American CareSource Holdings, Inc.
American CareSource Holdings, the first national, publicly
traded ancillary care network services company, offers a
comprehensive national network of approximately 2,500 ancillary
service providers at over 25,000 sites. The Company's ancillary
network and management provides a complete outsourced solution for
a wide variety of healthcare payors and plan sponsors including
self-insured employers, indemnity insurers, PPOs, HMOs, third party
administrators and both federal and local governments. For
additional information, please visit www.anci-care.com.
About NASDAQ Stock Market
NASDAQ� is the largest U.S. electronic stock market. With
approximately 3,200 companies, it lists more companies and, on
average, its systems trade more shares per day than any other U.S.
market. NASDAQ is home to companies that are leaders across all
areas of business including technology, retail, communications,
financial services, transportation, media and biotechnology. NASDAQ
is the primary market for trading NASDAQ-listed stocks. For more
information about NASDAQ, please visit www.nasdaq.com.
Safe Harbor Statement Under the Private Securities Litigation
Reform Act of 1995:
Any statements that are not historical facts contained in this
release, including with respect to future engagements by clients,
revenue growth, earnings, and guidance are forward-looking
statements. It is possible that the assumptions made by American
CareSource Holdings, Inc. for purposes of such statements may prove
to be inaccurate or may not materialize. Actual results may differ
materially from those projected or implied in any forward-looking
statements. Such statements may involve further risks and
uncertainties, including but not limited to those relating to
demand for our services, pricing, market acceptance, our ability to
integrate with our clients, our ability to attract and maintain
providers, our ability to manage growth, the effect of economic
conditions, and the affect of competitive services, risks in
product development, the ability to complete transactions, and
other risks identified in this release, and the Securities and
Exchange Commission filings of American CareSource Holdings,
Inc.
Contact: Steven J. Armond Chief Financial Officer American
CareSource Holdings, Inc. Tel: 972-308-6847
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