IsoTis Inc Starts Trading on Nasdaq
26 Januar 2007 - 2:30PM
PR Newswire (US)
IRVINE, California, January 26 /PRNewswire-FirstCall/ -- IsoTis
Inc. (NASDAQ:ISOT), the orthobiologics company, announced that its
stock began trading on the NASDAQ Global Market today. The
Company's ticker symbol is ISOT. The Company's listing follows the
successful completion of the first acceptance period of an exchange
offer through which it acquired 75% of the shares in IsoTis SA
(SWX/Euronext: ISON) (TSX: ISO). With all conditions of the
Exchange Offer as set forth in the Offer Memorandum fulfilled,
IsoTis Inc. declared the Exchange Offer unconditional on January
25. Pieter Wolters, President and CEO of IsoTis said: "We would
like to thank the shareholders who have given their vote of
confidence to allow us to become part of the NASDAQ Global Market
today. With over 90% of our employees and over 75% of our revenues
in the U.S., we believe a NASDAQ listing alongside our peers
provides a natural market for our shares." IsoTis Inc. expects to
fully consummate the Exchange Offer in the course of February 2007,
and intends to delist from Euronext Amsterdam, SWX Swiss Exchange
and the Toronto Stock Exchange as soon as possible. Certain
statements in this press release are "forward-looking statements"
within the meaning of Section 21E of the Securities Exchange Act of
1934, as amended, including those that refer to management's plans
and expectations for future operations, prospects and financial
condition. Words such as "strategy," "expects," "plans,"
"anticipates," "believes," "will," "continues," "estimates,"
"intends," "projects," "goals," "targets," "could," 'may," and
other words of similar meaning are intended to identify such
forward-looking statements. One can also identify them by the fact
that they do not relate strictly to historical or current facts.
Such statements are based on the current expectations of the
management of IsoTis, Inc. only. Undue reliance should not be
placed on these statements because, by their nature, they are
subject to known and unknown risks and can be affected by factors
that are beyond the control of IsoTis, Inc. Actual results could
differ materially from current expectations due to a number of
factors and uncertainties affecting IsoTis, Inc., including, but
not limited to, failure to obtain sufficient shareholder support
for the exchange offer, inability to list the IsoTis, Inc. shares
on NASDAQ in a timely manner, if at all, market conditions at the
time of the proposed offering and inability to obtain approval from
the SEC for the offering. IsoTis, Inc. expressly disclaims any
intent or obligation to update these forward-looking statements
except as required by law. This announcement is a public
announcement as meant within article 9b paragraph 1 of the Dutch
Decree on the Supervision of the Securities Trade 1995 (Besluit
toezicht effectenverkeer 1995). The Exchange Offer is being made
for the shares of IsoTis SA, a Swiss company, that are listed on
the SWX, on Euronext Amsterdam and the TSX. The Exchange Offer is
subject to disclosure requirements of Switzerland, the Netherlands
and Canada, which requirements are different from those of the
United States. U.S. shareholders of IsoTis SA should be aware that,
to the extent permissible, IsoTis, Inc. may purchase shares of
IsoTis SA otherwise than under the Exchange Offer, such as in open
market or privately negotiated purchases. DATASOURCE: IsoTis
OrthoBiologics CONTACT: For information contact IsoTis: Rob
Morocco, Chief Financial Office, +1-(949)-855-7155, . Hans
Herklots, Director Investor Relations, +41-(21)-620-6011,
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