Thursday, 9 August 2007

Key Development For Neptune As It Will Begin Trading on NASDAQ

It has been long awaited news and will be most welcome for shareholders who have been waiting for several months for Neptune ( NTB - TSX V) to announce that it has secured a listing in the important U.S. market.
The news release read stated the Company's shares will begin trading on the NASDAQ Capital Market on Monday, August 13th under the symbol NEPT. The quote from the V.P of Finance Andre Godin summed up what NTB has been going through the past while. "The Listing procedure was a rigorous process, specifically the exhaustive due diligence conducted by NASDAQ. Neptune has met and will remain subject to all the NASDAQ listing requirements."

Neptune Management has spent a considerable amount of time in the United States since late last year as it began the education and introduction process to a myriad of investment firms and fund managers in that market. While some have been buyers of the stock, a U.S. listing was critical to securing new potential support from a broader audience.

As a reminder, it was only several weeks ago that NTB announced it had retained the services of U.S. based ROI Group LLC to assist it with the awareness program south of the border.

As of this writing (August 9th) with just over an hour to go before the market closes, volume was picking up following the announcement with about 160 thousand shares traded and the stock moving slightly higher.