Amtech Systems Inc. is Approved for Trading on the Nasdaq National Market.Business Editors TEMPE, Ariz.--(BUSINESS WIRE)--April 18, 2001 Amtech Systems Inc. (Nasdaq: ASYS) Wednesday announced that yesterday it received approval from The Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. to list its shares of common stock, par value $.01 per share ("common stock") on The Nasdaq National Market. The company's common stock will begin trading on The Nasdaq National Market today, Wednesday, April 18, 2001, at the opening of the market. The symbol for the company's common stock will continue to be ASYS. Robert Hass Robert L. Hass (b. March 1, 1941) is an American poet. He served as Poet Laureate of the United States from 1995 to 1997. [1] Life Born in San Francisco, Hass is a California poet whose works are well-known for their West Coast subject and attitude. , vice president, finance, said, "By moving our listing to The Nasdaq National Market, the company believes that its common stock will receive more attention from both institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. and analysts. "This listing may also improve the liquidity for the common stock, because investors will be able to purchase it in on margin, allowing an investor to acquire more shares for a given amount of cash." J.S. Whang, the company's president and chief executive officer, stated, "Being accepted for listing on The Nasdaq National Market represents a new milestone for Amtech Systems Inc., providing evidence that the company meets the more restrictive criteria of this higher profile stock market. "Trading on that market also puts us in good company, with such entities as Intel, Applied Materials Applied Materials, Inc. NASDAQ: AMAT (HKSE: 4336 ) is the global leader in nanomanufacturing technology solutions with a broad portfolio of innovative equipment, service and software products for the fabrication of semiconductor chips, flat panel solar displays, solar and Novellus. This should add to the higher visibility the company has gained as a result of its impressive growth and the success of its strategy to penetrate new markets." Amtech Systems Inc. manufactures and sells capital equipment, including silicon wafer (1) A small, thin continuous-loop magnetic tape cartridge that has been used from time to time for data storage and specialized applications. (2) The base unit of chip making. It is a slice taken from a salami-like silicon crystal ingot up to 12" (300mm) in diameter. handling automation, semiconductor processing equipment and related consumables used in fabricating semiconductor devices. Semiconductors, or semiconductor chips, are part of the circuitry, or electronic components, of many products including computers, telecommunications devices, automotive products, consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and and industrial automation and control systems. The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 provides a "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " for forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by Amtech Systems Inc.) contains statements that are forward-looking. Such forward-looking information involves a number of known and unknown risks and uncertainties that could cause actual results to differ materially from those discussed or anticipated by management. Potential risks and uncertainties include, among other factors, industry specific and general business conditions, competitive market conditions, success of Amtech's growth and sales strategies, the possibility of customer changes in delivery schedules, cancellation of orders, potential delays in product shipments, delays in obtaining inventory parts from suppliers, failure to satisfy customer acceptance requirements and the effects of adopting Staff Accounting Bulletin No. 101, "Revenue Recognition in Financial Statements," which was issued by the Securities and Exchange Commission. |
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