Thomas Group to Move to Nasdaq Global Market
November 02 2006 - 4:39PM
Business Wire
Thomas Group, Inc. (NasdaqCM:TGIS), a leading professional services
firm specializing in operational improvements, today announced that
its Nasdaq Global Market application was accepted on November 2,
2006. Trading on the Global Market is expected to commence under
the symbol �TGIS� with the opening of trading on Monday, November
6, 2006. Thomas Group has been trading on the Nasdaq Capital Market
since December 23, 2005 and currently has a market capitalization
of approximately $136 million, based on its closing share price of
$12.49 on November 1, 2006, with approximately 10.9 million shares
outstanding and approximately 1,400 shareholders of record. �The
Nasdaq Global Market sets higher requirements for stockholders�
equity, net income and market value,� said David English, CFO of
Thomas Group. �Qualifying for the Nasdaq Global Market less than
one year after our relisting on the Nasdaq Capital Market is
testament to the fast pace of our profitable growth. We believe the
move to the Global Market will increase our visibility and
credibility in the institutional marketplace.� About Nasdaq Global
Market The Nasdaq Global Market consists of over 1,450 companies
that have applied for listing, having met and continued to meet
stringent financial and liquidity requirements and agreed to meet
specific corporate governance standards. Formerly called The Nasdaq
National Market, this market was renamed in 2006 to reflect the
global leadership and international reach of this market and the
companies whose securities are listed here. For more information on
the requirements to be included on The Nasdaq Global Market, please
see Listing Standards & Fees at
http://www.nasdaq.com/about/nasdaq_listing_req_fees.pdf. Thomas
Group, Inc. (NasdaqCM:TGIS) is an international, publicly traded
professional services firm specializing in operational
improvements. Thomas Group�s unique brand of process improvement
and performance management services enable businesses to enhance
operations, improve productivity and quality, reduce costs,
generate cash and drive higher profitability. Known as The Results
CompanySM, Thomas Group creates and implements customized
improvement strategies for sustained performance improvements in
all facets of the business enterprise. Thomas Group has offices in
Dallas, Detroit, and Hong Kong. For additional information on
Thomas Group, Inc., please go to www.thomasgroup.com. Safe Harbor
Statement under the Private Securities Litigation Reform Act:
Statements in this release that are not strictly historical are
�forward-looking� statements, which should be considered as subject
to the many uncertainties that exist in the Company�s operations
and business environment. These uncertainties, which include
economic and business conditions that may impact clients� and the
Company�s performance-oriented fees, timing of contracts and
revenue recognition, competitive and cost factors, and the like,
are set forth in the Company�s filings from time to time with the
Securities and Exchange Commission, including the Company�s Form
10-K for the year ended December 31, 2005. Except as required by
law, the Company expressly disclaims any intent or obligation to
update any forward-looking statements. Thomas Group, Inc.
(NasdaqCM:TGIS), a leading professional services firm specializing
in operational improvements, today announced that its Nasdaq Global
Market application was accepted on November 2, 2006. Trading on the
Global Market is expected to commence under the symbol "TGIS" with
the opening of trading on Monday, November 6, 2006. Thomas Group
has been trading on the Nasdaq Capital Market since December 23,
2005 and currently has a market capitalization of approximately
$136 million, based on its closing share price of $12.49 on
November 1, 2006, with approximately 10.9 million shares
outstanding and approximately 1,400 shareholders of record. "The
Nasdaq Global Market sets higher requirements for stockholders'
equity, net income and market value," said David English, CFO of
Thomas Group. "Qualifying for the Nasdaq Global Market less than
one year after our relisting on the Nasdaq Capital Market is
testament to the fast pace of our profitable growth. We believe the
move to the Global Market will increase our visibility and
credibility in the institutional marketplace." About Nasdaq Global
Market The Nasdaq Global Market consists of over 1,450 companies
that have applied for listing, having met and continued to meet
stringent financial and liquidity requirements and agreed to meet
specific corporate governance standards. Formerly called The Nasdaq
National Market, this market was renamed in 2006 to reflect the
global leadership and international reach of this market and the
companies whose securities are listed here. For more information on
the requirements to be included on The Nasdaq Global Market, please
see Listing Standards & Fees at
http://www.nasdaq.com/about/nasdaq_listing_req_fees.pdf. Thomas
Group, Inc. (NasdaqCM:TGIS) is an international, publicly traded
professional services firm specializing in operational
improvements. Thomas Group's unique brand of process improvement
and performance management services enable businesses to enhance
operations, improve productivity and quality, reduce costs,
generate cash and drive higher profitability. Known as The Results
Company(SM), Thomas Group creates and implements customized
improvement strategies for sustained performance improvements in
all facets of the business enterprise. Thomas Group has offices in
Dallas, Detroit, and Hong Kong. For additional information on
Thomas Group, Inc., please go to www.thomasgroup.com. Safe Harbor
Statement under the Private Securities Litigation Reform Act:
Statements in this release that are not strictly historical are
"forward-looking" statements, which should be considered as subject
to the many uncertainties that exist in the Company's operations
and business environment. These uncertainties, which include
economic and business conditions that may impact clients' and the
Company's performance-oriented fees, timing of contracts and
revenue recognition, competitive and cost factors, and the like,
are set forth in the Company's filings from time to time with the
Securities and Exchange Commission, including the Company's Form
10-K for the year ended December 31, 2005. Except as required by
law, the Company expressly disclaims any intent or obligation to
update any forward-looking statements.
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