Business Services Industry
iMALL Approved for Listing on Nasdaq National Market System
Business Wire, May 19, 1999
SANTA MONICA, Calif.--(BUSINESS WIRE)--May 19, 1999--
iMALL, Inc. (Nasdaq:IMAL), the leading provider of fully-integrated, one-stop e-commerce solutions for small- and medium-sized businesses, announced today that its application to Nasdaq for listing on the Nasdaq National Market System (NMS) has been approved, and the Company's stock, which will retain its "IMAL" symbol, will begin trading on the NMS commencing May 20, 1999.
"Receiving approval for listing on the Nasdaq National Market System represents a major step forward for our Company and its shareholders," said Richard Rosenblatt, iMALL's chairman and chief executive officer. "Not only does this listing make our stock more accessible to a larger universe of the professional investment community, but it clearly signifies that we have completed yet another significant milestone in our development."
"We are continuing to build momentum while focusing on our strategic plan to position iMALL as the `technology of choice' that drives e-commerce solutions for major industry leaders. Our e-commerce technology is now being offered by First Data Merchant Services, IBM, Verio, and Register.com, and we expect others to follow in the weeks and months ahead," Rosenblatt added.
About iMALL
iMALL, Inc. (Nasdaq:IMAL) is the leading provider of fully integrated, "one-stop" e-commerce solutions. iMALL's unique e-commerce solutions and integrated process allow businesses to create fully commerce enabled Web sites or add transaction capabilities to their existing ones, establish "Internet ready" merchant accounts online, and process customer orders securely through iMALL's proprietary payment gateway. To help increase business' online sales, iMALL's popular shopping portals and sophisticated shopper services are integrated into iMALL's e-commerce solutions. iMALL's e-commerce solution, merchantstuff.com, created jointly with First Data Merchant Services, is located at http://www.merchantstuff.com. iMALL's shopping portals are located at http://www.stuff.com and http://www.imall.com. For further information, visit iMALL's corporate site at http://www.imallinc.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:
Statements in this press release regarding the business of iMALL, Inc., which are not historical facts, are "forward-looking statements" that involve risks and uncertainties. These forward-looking statements include statements that involve risks and uncertainties based on management's current expectations, estimates and projections about the Internet industry and the evolution of on-line commerce and electronic commerce services. In such instances actual results may differ materially as a result of a variety of factors, including competitive developments and risk factors listed from time to time in the Company's reports on file with the Securities and Exchange Commission.
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