Aegis Assessments, Inc. Provides Additional Information on Application for AMEX
SCOTTSDALE, Ariz.-/05 Jan, 2005 - The Wi-Fi Technology Forum/- Scottsdale-based homeland defense contractor Aegis Assessments, Inc. (AGSI) has submitted all the relevant documentation to the American Stock Exchange(R) (AMEX) in order for the exchange to determine whether the company is eligible for listing. The AMEX is the second largest equity trading floor-based exchange in the United States.
Management is now working to meet both the quantitative and qualitative criteria that the AMEX requires in its listed companies. On Nov. 17, 2004 the company retained Cogent Capital to assist it in meeting all the necessary listing requirements in order for the company's common stock to begin trading on the AMEX. On Nov. 29, 2004 the company closed a $5 million private placement of Aegis common stock. Management is currently working to expand its board of directors in accordance with AMEX corporate governance standards.
The Company believes that a listing on the AMEX will increase its visibility to potential shareholders and also increase its exposure to the institutional marketplace. Management has previously disclosed that a listing on the AMEX is part of its long-term financial plan to increase liquidity and value for Aegis shareholders and attract institutional investors. The company believes its progress marketing its wireless products to federal, state and local public safety agencies will better enable the company to meet both the quantitative and qualitative AMEX listing requirements.
About the American Stock Exchange(R)
As a self-regulating organization, the AMEX (
http://www.amex.com) is an auction market where prices for a diverse array of securities are determined by public bids to buy and offers to sell. By centralizing order flow on the trading floor, giving public orders priority, and executing orders by price and time sequence regardless of size or source, investors trade on a level playing field and are ensured the best available price. Trading in every AMEX security is overseen by a specialist stationed on the trading floor. AMEX specialists are experienced market professionals from leading firms in the financial industry.
About Aegis Assessments, Inc.
Through the SafetyNet(TM) line of products, Aegis provides wireless security solutions to public safety agencies and commercial security companies for homeland security and life safety applications. Integrating emergency and life safety systems available to the public and private sectors is the new challenge in homeland security that the company's products and technologies address.
SOURCE: Aegis Assessments
Aegis Assessments, Inc. is a Featured Company on www.HomelandDefenseStocks.com
Contact:
Aegis Assessments, Inc.
Richard Reincke, 480-778-9140 ext. 104
Richard@aegiscorporate.com
http://www.aegiscorporate.com
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