Catuity, Inc. is Approved for Nasdaq Listing.Business Editors DETROIT--(BUSINESS WIRE)--Nov. 8, 2000 Catuity, Inc. a unique provider of loyalty software solutions for retail stores and card issuers has been approved for listing to be traded on the Nasdaq Small Cap Market. Michael V
Michael V the Caulker or Kalaphates (Greek: Μιχαήλ Ε΄ Καλαφάτης, . Howe, President and Chief Executive Officer of Catuity, in making the announcement, noted that the company's Nasdaq trading symbol Trading symbol See: Ticker symbol would be CTTY CTTY Control Teletype CTTY Console Teletype . The Nasdaq listing marks the completion of Catuity's efforts to become a publicly held U.S. corporation. The company began in Australia in 1992 and last year moved its corporate headquarters to Detroit. The company has 7.2 million shares of common stock outstanding and will continue trading on the Australian Stock Exchange Australian Stock Exchange (ASX) Australia's major securities market, formed when the six state stock exchanges (Adelaide, Brisbane, Hobart, Melbourne, Perth, and Sydney stock exchanges) were merged in 1987. under the symbol CAT. Michael Howe Michael Howe was a bushranger in Van Diemen's Land (now Tasmania). Howe was born at Pontefract, Yorkshire, England, in 1787. He served two years on a merchant vessel at Hull before deserting to join the navy as a seaman. , President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Catuity said, "Our visibility on Nasdaq will enable a much wider exposure of Catuity to investors worldwide. We look forward to the increase in our shareholder base that this listing will bring about. When trading commences on Nasdaq, we will be a dual listed common stock in both the U.S and Australia. We anticipate trading on Nasdaq to begin in the middle of next week." In September of this year, Catuity was selected as the only loyalty solution provider in the newly announced smartVisa smart card program and a key member of the smartVisa technology team from Visa U.S.A. Catuity played a lead role in the development of the smartVisa Loyalty platform and will continue to provide software and hardware consultation for implementation and support of Visa members. Catuity, Inc. is a provider of loyalty software solutions that allow retailers to easily establish and administer customer incentive and loyalty programs. The Catuity System functions in both the web (e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. ) and in-store (point-of-sale) environments. In addition to its corporate headquarters in Detroit, Catuity has offices in Philadelphia, Pennsylvania, Arlington, Virginia and Sydney, Australia. |
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