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| Spartan Motors Added to New NASDAQ Global Select Market |
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CHARLOTTE, Mich., PRNewswire-FirstCall/ -- Spartan Motors, Inc. has been added to the new NASDAQ Global Select Market, which features the highest initial listing standards of any exchange in the world based on financial and liquidity requirements.
"With our inclusion in the new NASDAQ Global Select Market, Spartan is joining a prestigious group of industry leaders," said John Sztykiel, president and CEO of Spartan Motors. "We are intensely focused on accountability and driving shareholder value, and we support NASDAQ's efforts to create this new listing tier to recognize companies like Spartan Motors for superior financial performance and adherence to rigorous corporate governance standards."
On July 3, 2006, NASDAQ reclassified its listed companies under three tiers: NASDAQ Global Select Market, NASDAQ Global Market and NASDAQ Capital Market. Consisting of approximately the top third of NASDAQ listings, NASDAQ Global Select Market companies meet the most stringent initial financial listing standards ever set by a stock market. According to NASDAQ.com , "inclusion in the NASDAQ Global Select Market is a mark of achievement and stature for qualified companies."
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Source : http://www.automotive.com
(7/27/2006)
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