Midas Medici Board Adopts Resolution To Apply For Listing On Senior U.S. Exchange
NEW YORK, Sept. 29, 2011 /PRNewswire/ -- Midas Medici Group Holdings, Inc. ("Midas") (OTCBB: MMED), an innovative green IT company in the fields of virtualization, cloud computing and data management, as well as Smart Grid solutions, today announced that its board of directors has adopted a resolution to seek a listing on a senior U.S. stock exchange when the company meets all applicable listing requirements.
"As Midas Medici continues to execute on our business plan we are simultaneously taking necessary steps to increase our visibility in the U.S. capital markets by positioning the company to qualify for listing on a more senior exchange," said Nana Baffour, CEO and Co-Founder of Midas Medici.
"Graduating to a senior U.S. exchange is a high priority for Midas given the tremendous progress we have made growing our business through a combination of organic growth and accretive acquisitions in the United States and Brazil," continued Mr. Baffour. "Midas' management team and our board of directors are confident that a senior listing will be of tremendous benefit to existing and potential shareholders. Not only would we expect a senior exchange listing to allow us to attract additional investors and increase liquidity, it would also make Midas available to a broader segment of the institutional community as we strive to make further improvements to our revenue, and enhance shareholder value."
About Midas Medici Group Holdings, Inc.Midas Medici Group Holdings, Inc. (OTCBB: MMED) is a green IT company that supplies mid-sized and select enterprises and institutions with leading-edge IT solutions in the fields of virtualization, cloud computing and data management, as well as working with utilities and other institutions to transform the electric grid through digital technologies in the United States and Brazil. Across its CIMCORP, Consonus and UtiliPoint brands, Midas works with its customers by optimizing IT and data center investments, cutting energy usage and preventing data loss, all while maximizing productivity. Through a management team with decades of experience, Midas is positioning itself to take advantage of the high-growth IT industry through its unique specialized services at the intersection of energy and technology. For comprehensive investor relations material, including fact sheets, presentations conference calls and video, please follow the appropriate link: Investor Presentation, Investor Portal, Research Report and Overview Video. For more information on Midas Medici, please visit: www.midasmedici.com. Safe Harbor Statement This release contains certain "forward-looking statements" relating to the business of the Company and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding: the Company's business and operations; business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website ( http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements. Company Contact: Johnson KachidzaChief Financial Officer212-792-0920 Investor Contact: Trilogy Capital Partners Darren Minton, PresidentToll-free: 800-592-6067 firstname.lastname@example.org SOURCE Midas Medici Group Holdings, Inc.
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