Crystal To Be "Dual-Listed": NASDAQ & Tel Aviv Stock Exchange -- TASE.Business Editors HERZLIA, Israel--(BUSINESS WIRE)---Dec. 26, 2000 Crystal Systems Solutions Ltd. (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 : CRYS), a member of the Formula Group (NASDAQ: FORTY) will be listed on both NASDAQ and the TASE TASE Tel Aviv Stock Exchange TASE The All Seeing Eye TASE Tactical Air Support Element TASE Thrust Assessment Support Environment TASE Telecontrol Application Service Elements (IEC communications protocol) , thus gaining from a larger investment community and a longer trading day In Business, the trading day is the time span that a particular stock exchange is open. For example, the New York Stock Exchange is, as of 2006, open from 09:30AM to 4:00PM. Trading days never take place on weekends. . Crystal's Board of Directors had decided to commence the fast-track dual listing process to be finalized in January 2001, subject to the authorization of the Tel Aviv Tel Aviv (tĕl əvēv`), city (1994 pop. 355,200), W central Israel, on the Mediterranean Sea. Oficially named Tel Aviv–Jaffa, it is Israel's commercial, financial, communications, and cultural center and the core of its largest Stock Exchange--the TASE. From that time, Crystal will be traded on the Tel Aviv Stock Exchange Tel Aviv Stock Exchange Israel's only stock exchange. along with New York's NASDAQ. This will enable investors in Europe and Israel to trade in Crystal's shares during their normal trading hours, as do traders in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . "Recent changes in Israeli law, aimed at increasing trading volume Trading volume The number of shares transacted every day. As there is a seller for every buyer, one can think of the trading volume as half of the number of shares transacted. That is, if A sells 100 shares to B, the volume is 100 shares. and liquidity, facilitate fast-track dual listing by permitting the use of SEC reports", explained Gad Goldstein, Chairman of the Board. "By listing Crystal on the TASE, we are serving our investors and fund managers by providing them more opportunity to trade in our shares. This, I believe, meets their expectations for Crystal's stock to be available for trading through a longer trading day and to be exposed to more investors". About Crystal Systems Solutions Crystal Systems Solutions Ltd. (NASDAQ: CRYS) has been providing proprietary software technologies and services for Fortune 1000 companies since 1987. Crystal's solutions include e-business enabling for legacy systems, cross-platform migration, and IT mergers and consolidations. Crystal supports its customers, both directly and via its partners, offering end-to-end solutions through consultancy, assistance, and service in conjunction with its wide variety of proprietary software tools. Crystal Systems Solutions is a member of the Formula Group (NASDAQ: FORTY). The Formula Group is an international information technology company principally engaged, through its subsidiaries and affiliates, in providing software consulting services, developing proprietary software products, and providing computer-based solutions. Visit our Web site at http:/www.crystal-sys.com/ Certain statements contained in this release may be deemed forward-looking statements, with respect to plans, projections, or future performance of the Company, the occurrence of which involves certain risks and uncertainties that could cause actual plans to differ materially from these statements. These risks and uncertainties include but are not limited to: market demand for the Company's tools, successful implementation of the Company's tools, competitive factors, the ability to manage the Company's growth, the ability to recruit and retrain re·train tr. & intr.v. re·trained, re·train·ing, re·trains To train or undergo training again. re·train additional software personnel, and the ability to develop new business lines. All names and trademarks are their owners' property. |
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