Radcom to Dual-List on the Tel Aviv Stock Exchange (TASE)
Improving Share's Accessibility to Israeli Institutional Investors and Mutual Funds
Last Update: 9:33 AM ET Feb 13, 2006
TEL-AVIV, Israel, February 13, 2006 /PRNewswire-FirstCall via COMTEX/ -- RADCOM Ltd. (RADCOM) (RDCM : radcom ltd ord
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Last: 4.33+0.08+1.88% 4.33, +0.08, +1.9%) today announced that it has obtained approval to list its shares on the Tel Aviv Stock Exchange (TASE), and that trading on the TASE will commence on February 20, 2006. RADCOM's shares will continue to be listed on the Nasdaq under the ticker symbol "RDCM," and RADCOM will continue to be subject to all rules and regulations of Nasdaq and the U.S. Securities and Exchange Commission (SEC).
The dual listing follows strong results recorded throughout 2005, marked by 39% growth in revenues compared to 2004 and four consecutive profitable quarters. This performance reflects the emergence of global 3G Cellular and VoIP markets, together with growing recognition by converged service providers that RADCOM's products are critical for achieving quality, profitable services. During 2005, RADCOM achieved strategic wins with Tier-1 and Tier-2 service providers in North America, Europe, Australia and Israel, and stepped up its activities in China to address its emerging 3G marketplace. In 2006, its focus will be to expand on this strong base, building its sales in Europe and the Far East, and capitalizing on its open-platform technology advantage through cooperations with a broad range of applications providers.
Commenting on the news, Mr. Arnon Toussia-Cohen, President and CEO of RADCOM, said, "We are taking this move in light of increased interest in RADCOM as expressed by Israeli investors with the goal of expanding our investor base and raising the daily trading volume and liquidity of our share."
Ronit Harel Ben-Zeev, TASE's Senior VP and Manager of Finance, added, "We are pleased that Radcom has chosen to list its shares for trading on the TASE, the home ground for Israeli companies. We are confident that Radcom, like the other 35 companies that have dual-listed on the TASE, will reap significant benefits from the dual listing, including higher total visibility and the potential for inclusion in prestigious TASE indices."
Since October 2000, approximately 35 companies listed on exchanges outside of Israel have dual listed on the TASE. Additional information about the TASE exchange can be found at www.tase.co.il.
RADCOM develops, manufactures, markets and supports innovative network test and service monitoring solutions for communications service providers and equipment vendors. The company specializes in Next Generation Cellular as well as Voice, Data and Video over IP networks. Its solutions are used in the development and installation of network equipment and in the maintenance of operational networks. The company's products facilitate fault management, network service performance monitoring and analysis, troubleshooting and pre-mediation. For more information, please visit www.RADCOM.com.
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