March 21, 2003 -- (WEB HOST INDUSTRY REVIEW) -- Telecommunications services provider PRIMUS Telecommunications Group (PRIMUSTel.com) announced on Friday that it has received approval to list its common stock on the NASDAQ National Market under its current symbol PRTL, starting today.
PRIMUS's common stock was previously listed on the NASDAQ SmallCap Market, where it had been trading since May 14 of 2002.
"The elevation to NASDAQ's National Market, which required fulfillment of more stringent listing requirements, enhances the Company's visibility among a larger universe of retail and professional investors," said K. Paul Singh, chairman and chief executive officer of PRIMUS. "Hundreds of the nation's newspapers carry National Market stock trading information, including influential and popular daily publications such as The Wall Street Journal, The New York Times, Investor's Business Daily, Financial Times, and USA Today. In addition, a National Market listing satisfies certain regulatory requirements of many brokerage firms, asset managers and mutual funds. As a result, the increased accessibility of PRIMUS common stock will assist us in expanding and diversifying our investor base as part of our long term strategy to increase shareholder value."
