CEMID +.05 to $4.55
MEDFORD, N.Y. (June 6, 2012) -- Chembio Diagnostics, Inc. (OTCQB:CEMI.PK)(CEMI.PK), which develops, manufactures, markets and licenses point-of-care diagnostic tests, announced today that its common stock will commence trading on the NASDAQ Capital Market® on Thursday, June 7, 2012, under the ticker symbol "CEMI". Prior to the listing change to NASDAQ, the company's common stock will continue to trade on the OTC Bulletin Board under the current ticker symbol "CEMID”.
Lawrence Siebert, Chief Executive Officer of Chembio, commented, “We are pleased that NASDAQ has confirmed that Chembio has met all of their eligibility requirements. We are confident that this NASDAQ Capital Market® listing will provide Chembio with a significantly expanded market for its securities, generating increased investor interest, which our Board of Directors believes will be in the best interest of all of our shareholders.”
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