LONDON — (Marketwire) — 02/09/09 — Seven Arts Pictures plc (PLUS: SAPP) (OTCBB: SEVAF) announced today that The NASDAQ Stock Market LLC has approved the Company’s application to list its common stock on The NASDAQ Capital Market®. NASDAQ has reserved a new symbol (NASDAQ: SAPX) for the Company’s common stock.
Before trading can commence, NASDAQ requires 3 business days’ notice prior to the earliest trading date and a copy of the Company’s Form 8-A, which was filed with the Securities and Exchange Commission on Friday, February 6, 2009, among other items. As of this morning, the Company provided three business days notice to NASDAQ that it expects that trading will commence Friday, February 13, 2009.
Peter Hoffman, CEO of Seven Arts, commented, “We are delighted NASDAQ has approved listing our common stock on The NASDAQ Capital Market. It is an important milestone for Seven Arts.”
About Seven Arts:
Seven Arts Pictures plc (“SAP,” “7 Arts” or the “Company”) was founded in 2002 as an independent motion picture production and distribution company engaged in the development, acquisition, financing, production, and licensing of theatrical motion pictures for exhibition in domestic (i.e., the United States and Canada) and foreign theatrical markets, and for subsequent worldwide release in other forms of media, including home video and pay and free television.
Cautionary Information Regarding Forward-Looking Statements:
Forward-looking statements contained in this press release are made under the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from the anticipated.
Source: Marketwire (February 9, 2009 – 12:59 PM EST)
