ClickSoftware announces shares have moved to Nasdaq Smallcap

ClickSoftware Technologies (Nasdaq:CKSW), announced today NASDAQ approval of its application to have its ordinary shares traded on the NASDAQ SmallCap Market.

The company, which provides end-to-end service chain optimization software, says the transfer kicks in from Thursday, August 29, 2002.

Its ordinary shares will continue to trade under the symbol CKSW on the smallcap market.

Nasdaq had warned that the company's shares did not comply with the requirements for continued listing on the National Market system.

"At this time, we decided to apply voluntarily for trading on the SmallCap Market.

"We believe this transfer will allow us to maintain our focus and devote our resources to achieving our near term business objectives, the key to qualifying for a return to listing on the Nasdaq's National Market System," commented CEO Moshe BenBassat.

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