Arotech to Revert to the ''ARTX'' Symbol on Thursday
July 19 2006 - 3:01PM
Business Wire
Arotech Corporation (NasdaqGM: ARTXD) announced today that its
stock will resume trading under the issue symbol "ARTX" effective
with the open of trading on Thursday, July 20, 2006. Pursuant to
the rules of the Nasdaq Stock Market, companies that effect certain
corporate transactions, including a reverse stock split, add the
fifth character "D" to their four-character issue symbols for a
period of twenty business days following the effectiveness of the
transaction. Arotech effected one-for-fourteen reverse stock split
on Wednesday, June 21, 2006, and accordingly Arotech traded under
the symbol "ARTXD" from June 21 until July 19, a period of twenty
business days. Arotech's Nasdaq issue symbol will therefore
automatically revert back to ARTX beginning with the opening of
trading tomorrow, Thursday, July 20, 2006. About Arotech
Corporation Arotech Corporation is a leading provider of quality
defense and security products for the military, law enforcement and
homeland security markets, including multimedia interactive
simulators/trainers, lightweight armoring and advanced zinc-air and
lithium batteries and chargers. Arotech operates through three
major business divisions: Armor, Simulation and Training and
Battery and Power Systems. Arotech is incorporated in Delaware,
with corporate offices in Ann Arbor, Michigan, and research,
development and production subsidiaries in Alabama, Michigan and
Israel. Except for the historical information herein, the matters
discussed in this news release include forward-looking statements,
as defined in the Private Securities Litigation Reform Act of 1995,
including the results of our restructuring program. Forward-looking
statements reflect management's current knowledge, assumptions,
judgment and expectations regarding future performance or events.
Although management believes that the expectations reflected in
such statements are reasonable, readers are cautioned not to place
undue reliance on these forward-looking statements, as they are
subject to various risks and uncertainties that may cause actual
results to vary materially. These risks and uncertainties include,
but are not limited to, risks relating to: product and technology
development; the uncertainty of the market for Arotech's products;
changing economic conditions; delay, cancellation or non-renewal,
in whole or in part, of contracts or of purchase orders; dilution
resulting from issuances of Arotech's common stock upon conversion
or payment of its outstanding convertible debt, which would be
increasingly dilutive if and to the extent that the market price of
Arotech's stock decreases; and other risk factors detailed in
Arotech's most recent Annual Report on Form 10-K for the fiscal
year ended December 31, 2005, as amended, and other filings with
the Securities and Exchange Commission. Arotech assumes no
obligation to update the information in this release. Reference to
the Company's website above does not constitute incorporation of
any of the information thereon into this press release.
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