TGC Industries Moves to the NASDAQ Global Select Market
26 Oktober 2007 - 10:11PM
PR Newswire (US)
PLANO, Texas, Oct. 26 /PRNewswire-FirstCall/ -- TGC Industries,
Inc. (AMEX:TGE) announced today 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 Global Select
Market. Effective November 6, 2007, the company will trade under
the symbol (NASDAQ:TGE). Wayne Whitener, President and CEO of TGC
Industries, stated, "This decision was reached after careful
consideration of capital market alternatives and analysis of the
electronic market model, which provides added visibility to our
investors. We believe that NASDAQ's electronic multiple market
maker structure will provide our company with enhanced exposure and
liquidity, while at the same time providing investors with the best
prices, the fastest execution and the lowest cost per trade. As the
world's largest electronic stock market, NASDAQ promotes innovation
and attracts leading growth companies from a diverse group of
sectors. We are pleased to be joining The NASDAQ Stock Market." TGC
Industries, Inc., based in Plano, Texas, with branch offices in
Houston, Oklahoma City and Denver, is one of the leading providers
of seismic data acquisition services throughout the continental
United States. This press release includes "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. These forward looking statements are based on
our current expectations and projections about future events. All
statements other than statements of historical fact included in
this press release regarding the Company are forward looking
statements. There can be no assurance that those expectations and
projections will prove to be correct. CONTACTS: Wayne Whitener
Chief Executive Officer TGC Industries (972) 881-1099 Jack Lascar,
Partner Karen Roan, SVP DRG&E (713) 529-6600 DATASOURCE: TGC
Industries, Inc. CONTACT: Wayne Whitener, Chief Executive Officer
of TGC Industries, +1-972-881-1099; or Jack Lascar, Partner, or
Karen Roan, SVP, both of DRG&E, +1-713-529-6600, for TGC
Industries
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