On Track Innovations, which has been trading on Nasdaq's small cap market since 2002, will continue under the OTIV ticker.
Smart card developer OTI - On Track Innovations (Nasdaq:OTIV; XETRA:OT5) has been approved for listing on the Nasdaq national market system.
OTI's common stock has been trading on the Nasdaq Small Cap Market since November 2002. The company's initial public offering was in August, 1999, on the Neuer Market in Germany.
The company's common stock will be eligible for trading on Nasdaq effective Monday, December 20, 2004, and OTI chairman and CEO Oded Bashan will open the NASDAQ market. The trading symbol for common stock will continue to be OTIV.
Published by Globes [online], Israel business news - www.globes.co.il - on Sunday, December 19, 2004