United Security Bancshares - Included in NASDAQ Global Select Market
June 23 2006 - 5:08PM
PR Newswire (US)
FRESNO, Calif., June 23 /PRNewswire-FirstCall/ -- Dennis R. Woods,
President and Chief Executive Officer of United Security Bancshares
http://www.unitedsecuritybank.com/ (NASDAQ:UBFO) today announced
that the Company is included in the new NASDAQ Global Select
Market. The NASDAQ Global Select Market has the highest initial
listing standards of any exchange in the world based on financial
and liquidity requirements. Prior to the change, the company had
been listed on the NASDAQ National Market. Beginning July 3,
NASDAQ-listed companies will be classified under three listing
tiers -- NASDAQ Global Select Market, NASDAQ Global Market, and
NASDAQ Capital Market. NASDAQ also plans to launch indexes based on
these new tiers. "United Security Bancshares is an example of an
industry leader that has achieved superior listing standards, which
clearly defines the essence of the NASDAQ Global Select Market,"
said Bruce Aust, Executive Vice President, Corporate Client Group.
"NASDAQ is focused on leading a race to the top in terms of listing
qualifications. In recognizing these companies, we are highlighting
their achievement in meeting the requirements to be included in the
market with the highest listing standards in the world," added Mr.
Aust. NASDAQ announced the new three tier listing classification in
February 2006. All three market tiers will maintain rigorous
listing and corporate governance standards. For additional
information about the NASDAQ Global Select Market, please go to:
http://www.nasdaq.com/GlobalSelect. About NASDAQ NASDAQ is the
largest U.S. electronic stock market. With approximately 3,200
companies, it lists more companies and, on average, trades more
shares per day than any other U.S. market. It is home to companies
that are leaders across all areas of business including technology,
retail, communications, financial services, transportation, media
and biotechnology. NASDAQ is the primary market for trading
NASDAQ-listed stocks. For more information about NASDAQ, visit
http://www.nasdaq.com/ or the NASDAQ Newsroom at
http://www.nasdaq.com/newsroom/. DATASOURCE: United Security
Bancshares CONTACT: Dennis R. Woods, President and Chief Executive
Officer of United Security Bancshares, +1-559-248-4928 Web site:
http://www.unitedsecuritybank.com/ http://www.nasdaq.com/newsroom
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