Henry Bros. Electronics Announces Move to the NASDAQ Stock Market
September 22 2008 - 7:00AM
PR Newswire (US)
FAIR LAWN, N.J., Sept. 22 /PRNewswire-FirstCall/ -- Henry Bros.
Electronics, Inc., (AMEX:HBE) a turnkey provider of
technology-based integrated electronic security solutions, today
announced that its board of directors has approved the decision to
switch the listing of its common stock from the American Stock
Exchange to the NASDAQ Stock Market LLC(R). Effective October 2,
2008, the Company will trade on the NASDAQ under its existing
symbol HBE. "We are very pleased to announce this new milestone in
our company's history. Just as our joining the Russell Microcap
Index did in June of this year, our move to the NASDAQ will
undoubtedly expose us to a new and broader class of investors,"
said James Henry, Chairman and Chief Executive Officer of Henry
Bros. Electronics. "Investors have watched our business grow at a
significant pace over the last few years, and recognize this move
as the logical step for our company. It is our unwavering mission
to continue to create value for our shareholders, and we believe
that the electronic multiple market maker structure will augment
both our exposure and liquidity, while improving execution speed at
a lower cost per trade." NASDAQ(TM) is the largest U.S. electronic
stock market. With approximately 3,200 companies, it lists more
companies and, on average, its systems trade more shares per day
than any other U.S. market. NASDAQ is home to companies that are
leaders across all areas of business including technology, retail,
communications, financial services, transportation, media and
biotechnology. NASDAQ is the primary market for trading
NASDAQ-listed stocks. For more information about NASDAQ, visit the
NASDAQ Web site at http://www.nasdaq.com/ or the NASDAQ
Newsroom(SM) http://www.nasdaq.com/newsroom. About Henry Bros.
Electronics, Inc. Henry Bros. Electronics (AMEX:HBE) provides
technology-based integrated electronic security systems, services
and emergency preparedness consultation to commercial enterprises
and government agencies. The Company has offices in Arizona,
California, Colorado, Maryland, New Jersey, New York, Texas and
Virginia. For more information, visit http://www.hbe-inc.com/. Safe
Harbor Statement: Certain statements in this press release
constitute forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995, as amended.
Forward-looking statements inherently involve risks and
uncertainties that could cause actual results to differ materially
from the forward-looking statements. Additional information
concerning factors that could cause actual results to differ
materially from those in the forward looking statements is
contained under the heading of risk factors listed in the Company's
filings with the U.S. Securities and Exchange Commission. Henry
Bros. Electronics Inc. does not assume any obligation to update the
forward-looking information. Investor Contacts: Todd Fromer / Erika
Kay KCSA Strategic Communications 212-896-1215 / 212-896-1208 / Jim
Henry, Chairman & Chief Executive Officer Henry Bros.
Electronics, Inc. 201-794-6500 DATASOURCE: Henry Bros. Electronics,
Inc. CONTACT: Todd Fromer, +1-212-896-1215, , or Erika Kay,
+1-212-896-1208, , both of KCSA Strategic Communications; or Jim
Henry, Chairman & Chief Executive Officer, Henry Bros.
Electronics, Inc., +1-201-794-6500, Web Site:
http://www.hbe-inc.com/
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