Vuance Ltd. Shares to Begin Trading on NASDAQ Capital Market Thursday, August 23, 2007
QADIMA, Israel and MCLEAN, Va., Aug. 22 /PRNewswire-FirstCall/-- Vuance Ltd. (OTCBB: VUNCF.OB; Euronext: VUNC), a provider of incident management and active RFID solutions, today announced that its common (ordinary) shares have been approved for listing on The NASDAQ Capital Market and will begin trading effective with the opening of the market on Thursday, August 23, 2007 . The shares will trade on the NASDAQ Capital Market under the symbol "VUNC".
"We are very pleased with the listing of our stock on The NASDAQ Capital Market," stated Eyal Tuchman, Chief Executive Officer of Vuance Ltd. "We expect this move will improve the Company's visibility within the investment community, along with trading liquidity. The NASDAQ Capital Market listing is also consistent with our primary strategic focus upon business opportunities in the United States ."
About Vuance Ltd.
Vuance Ltd. provides innovative incident management, active RFID and credentialing solutions to the public safety, commercial and government sectors. The Company's Incident Response Management System (IRMS) is the industry's most comprehensive mobile credentialing and access control system, as required by Homeland Security and other initiatives. With the recent acquisition of SHC (a manufacturer and distributor of RFID, security management and forward-thinking access control systems and equipment) Vuance has expanded its flexible multi-technology RFID capabilities to provide a complete, cost-effective solution for credentialing, validation and continuous tracking of assets and individuals.
Vuance Ltd. is headquartered in Qadima, Israel and its U.S. subsidiary, SuperCom, Inc., is based in McLean, Virginia. For more information, visit the Company's website at http://www.vuance.com/.
Safe Harbor
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Statements preceded or followed by or that otherwise include the words "believes", "expects", "anticipates", "intends", "projects", "estimates", "plans", and similar expressions or future or conditional verbs such as "will", "should", "would", "may" and "could" are generally forward-looking in nature and not historical facts. Forward-looking statements in this release also include statements about business and economic trends. Investors should also consider the areas of risk described under the heading "Forward Looking Statements" and those factors captioned as "Risk Factors" in the Company's periodic reports under the Securities Exchange Act of 1934, as amended, or in connection with any forward-looking statements that may be made by the Company.
The Company also disclaims any duty to comment upon or correct information that may be contained in reports published by the investment community.
Contact: In North America: RJ Falkner & Company, Inc., Investor Relations Counsel Tel: 830-693-4400 E-mail: [email protected] In Israel: Alex Somech Tel: +972-77-3456-302 Fax: +972-50-8961-570 Mobile: +972-54-4297-754 E-mail: [email protected]SOURCE Vuance Ltd.
