August 6, 2004 — (WEB HOST INDUSTRY REVIEW) — Internet access and Web hosting provider DSL.net (dsl.net) announced this week that its common stock has been approved for listing on the American Stock Exchange. DSL.net’s stock began trading on August 4, 2004 under the symbol “Biz.” DSL.net will no longer trade on the Nasdaq.
“We are pleased to have fulfilled our commitment to shareholders that our common stock would continue to be listed on a major exchange or market,” says Kirby G. Pickle, chief executive officer of DSL.net. “We determined that it was in the best interest of our shareholders and the company to list our common stock on the AMEX, which will provide our investors with the benefits of a specialist-driven market and the Company with increased visibility.”
DSL.net had already received several extensions to its deadline for compliance with the Nasdaq market’s minimum bid price rule. The most recent deadline was set for August 6, 2004.
