Access Integrated Technologies, Inc. to Trade on NASDAQ
11 April 2006 - 8:56PM
PR Newswire (US)
MORRISTOWN, N.J., April 11 /PRNewswire-FirstCall/ -- Access
Integrated Technologies, Inc. ("AccessIT") (AMEX:AIX) announced
today that it received approval for listing of its Class A Common
Stock, $0.001 par value (the "Common Stock") on The Nasdaq National
Market ("NASDAQ"). AccessIT anticipates that its Common Stock will
begin trading on NASDAQ on or about April 18, 2006 under the new
ticker symbol "AIXD". On April 11, 2006 AccessIT notified the
American Stock Exchange ("AMEX") of its intention to withdraw the
listing of its Common Stock on AMEX under the ticker symbol "AIX"
effective as of the close of trading on April 17, 2006. AccessIT's
Common Stock will continue to trade on the AMEX under the symbol
"AIX" until such time. Bud Mayo, chairman and chief executive
officer of AccessIT, stated, "We believe that the reputation of
NASDAQ and characteristics of other companies whose securities are
listed on NASDAQ better match AccessIT and its business, especially
in light of the industry in which AccessIT's business predominantly
serves. The Nasdaq National Market will provide more recognition to
our company and give us better visibility to our investors. We have
been pleased with our relationship with the American Stock Exchange
and we are grateful to the AMEX staff for their professionalism
since our initial listing in 2003." Access Integrated Technologies,
Inc. (AccessIT) is the industry leader in offering a fully managed
storage and electronic delivery service for owners and distributors
of digital content to movie theaters and other venues. Its
studio-backed 4,000 screen ongoing deployment of digital systems is
the first and the largest of its kind in the world. Supported by a
robust platform of fail-safe Internet data centers, AccessIT is
able to leverage the market-leading role of its Theatrical
Distribution System (TDS) with its innovative digital delivery
capabilities and in-theatre software systems to provide the highest
level of technology available to enable the emerging Digital Cinema
industry to transition from film without changing workflows. For
more information on AccessIT, visit http://www.accessitx.com/. Safe
Harbor Statement Investors and readers are cautioned that certain
statements contained in this document, as well as some statements
in periodic press releases and some oral statements of AccessIT
officials during presentations about AccessIT, along with
AccessIT's filings with the Securities and Exchange Commission,
including AccessIT's registration statements, quarterly reports on
Form 10-QSB and annual report on Form 10-KSB, are "forward-looking"
statements within the meaning of the Private Securities Litigation
Reform Act of 1995 (the "Act"). Forward-looking statements include
statements that are predictive in nature, which depend upon or
refer to future events or conditions, which include words such as
"expects", "anticipates", "intends", "plans", "could", "might",
"believes", "seeks", "estimates" or similar expressions. In
addition, any statements concerning future financial performance
(including future revenues, earnings or growth rates), ongoing
business strategies or prospects, and possible future actions,
which may be provided by AccessIT's management, are also
forward-looking statements as defined by the Act. Forward-looking
statements are based on current expectations and projections about
future events and are subject to various risks, uncertainties and
assumptions about AccessIT, its technology, economic and market
factors and the industries in which AccessIT does business, among
other things. These statements are not guarantees of future
performance and AccessIT undertakes no specific obligation or
intention to update these statements after the date of this
release. Contact: Suzanne Tregenza Moore Michael Glickman AccessIT
The Dilenschneider Group 55 Madison Avenue 212.922.0900 Suite 300
Morristown, NJ 07960 (973) 290-0080 http://www.accessitx.com/
DATASOURCE: Access Integrated Technologies, Inc. CONTACT: Suzanne
Tregenza Moore of AccessIT, +1-973-290-0080; or Michael Glickman,
The Dilenschneider Group, +1-212-922-0900 Web site:
http://www.accessitx.com/
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