Catuity Regains Full Compliance with NASDAQ; Trading Symbol to Return to CTTY on November 22.DETROIT -- On November 18, 2005, Catuity, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CTTYC) (ASX ASX See: Australian Stock Exchange :CAT) (ASX:CATN CATN Course in Advanced Trauma Nursing ), a loyalty and gift card processor, received notice 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. that the Company has fully complied with all requirements for continued listing on The NASDAQ Capital Market Originally called the NASDAQ Small Cap Market, NASDAQ announced a name change to the NASDAQ Capital Market on September 27, 2005. [1] The NASDAQ Capital Market exists for securities of smaller, less-capitalized companies (small caps) that do not qualify for . As a result, effective with the open of business on November 22, 2005, the fifth character "C" will be removed from the Company's trading symbol and Catuity will begin trading again under the symbol CTTY. NASDAQ had required the appendage of the fifth character "C" to the Company's trading symbol pending evidence that the Company had stockholders' equity in excess of $2.5 million as of September 30, 2005. The Company filed its financial statements for the quarter ended September 30, 2005 with the SEC on Form 10-Q on November 14, 2005, which evidenced stockholders' equity of $9.144 million. "Although this is the outcome we anticipated, it is none-the-less excellent news," said John Racine, Catuity's 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. . "It eliminates the concern that some of our shareholders, customers, potential customers, and partners have had about Catuity's near-term future as a NASDAQ-listed company." Catuity, Inc. makes the point of sale more profitable for its clients by delivering products and services that reduce costs and generate new revenue. Our retailer clients have nearly four million consumers who participate in Catuity-powered loyalty programs. More information on Catuity is available at its website: http://www.catuity.com. In conjunction with the provisions of the "Safe Harbor" section to 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, this release may contain forward-looking statements pertaining to future anticipated projected plans, performance and developments, as well as other statements relating to future operations. All such forward-looking statements are necessarily only estimates of future results and there can be no assurance that actual results will not materially differ from expectations. Further information on potential factors that could affect Catuity, Inc. is included in the Company's Form 10-K, which is filed with the US Securities & Exchange Commission. |
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