Radcom to Dual-List on the Tel Aviv Stock Exchange (TASE)
February 13 2006 - 9:32AM
PR Newswire (US)
Improving Share's Accessibility to Israeli Institutional Investors
and Mutual Funds TEL-AVIV, Israel, February 13
/PRNewswire-FirstCall/ -- RADCOM Ltd. (RADCOM) (NASDAQ:RDCM) today
announced that it has obtained approval to list its shares on the
Tel Aviv Stock Exchange (TASE), and that trading on the TASE will
commence on February 20, 2006. RADCOM's shares will continue to be
listed on the Nasdaq under the ticker symbol "RDCM," and RADCOM
will continue to be subject to all rules and regulations of Nasdaq
and the U.S. Securities and Exchange Commission (SEC). The dual
listing follows strong results recorded throughout 2005, marked by
39% growth in revenues compared to 2004 and four consecutive
profitable quarters. This performance reflects the emergence of
global 3G Cellular and VoIP markets, together with growing
recognition by converged service providers that RADCOM's products
are critical for achieving quality, profitable services. During
2005, RADCOM achieved strategic wins with Tier-1 and Tier-2 service
providers in North America, Europe, Australia and Israel, and
stepped up its activities in China to address its emerging 3G
marketplace. In 2006, its focus will be to expand on this strong
base, building its sales in Europe and the Far East, and
capitalizing on its open-platform technology advantage through
cooperations with a broad range of applications providers.
Commenting on the news, Mr. Arnon Toussia-Cohen, President and CEO
of RADCOM, said, "We are taking this move in light of increased
interest in RADCOM as expressed by Israeli investors with the goal
of expanding our investor base and raising the daily trading volume
and liquidity of our share." Ronit Harel Ben-Zeev, TASE's Senior VP
and Manager of Finance, added, "We are pleased that Radcom has
chosen to list its shares for trading on the TASE, the home ground
for Israeli companies. We are confident that Radcom, like the other
35 companies that have dual-listed on the TASE, will reap
significant benefits from the dual listing, including higher total
visibility and the potential for inclusion in prestigious TASE
indices." Since October 2000, approximately 35 companies listed on
exchanges outside of Israel have dual listed on the TASE.
Additional information about the TASE exchange can be found at
http://www.tase.co.il/. RADCOM develops, manufactures, markets and
supports innovative network test and service monitoring solutions
for communications service providers and equipment vendors. The
company specializes in Next Generation Cellular as well as Voice,
Data and Video over IP networks. Its solutions are used in the
development and installation of network equipment and in the
maintenance of operational networks. The company's products
facilitate fault management, network service performance monitoring
and analysis, troubleshooting and pre-mediation. For more
information, please visit http://www.radcom.com/. Risks Regarding
Forward Looking Statements Certain statements made herein that use
the words "estimate," "project," "intend," "expect", "believe" and
similar expressions are intended to identify forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements involve known
and unknown risks and uncertainties which could cause the actual
results, performance or achievements of the Company to be
materially different from those which may be expressed or implied
by such statements, including, among others, changes in general
economic and business conditions and specifically, decline in
demand to the Company's products, inability to timely develop and
introduce new technologies, products and applications and loss of
market share and pressure on prices resulting from competition. For
additional information regarding these and other risks and
uncertainties associated with the Company's business, reference is
made to the Company's reports filed from time to time with the
Securities and Exchange Commission. The Company does not undertake
to update forward-looking statements. Contact: David Zigdon CFO
(+972)-3-6455004 DATASOURCE: RADCOM LTD CONTACT: Contact: David
Zigdon, CFO, (+972)-3-6455004,
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