Aetrium Reports Reverse Stock Split
ST. PAUL, Minn., Sept. 27, 2013 (GLOBE NEWSWIRE) -- Aetrium Incorporated
(Nasdaq:ATRM) today announced that it is implementing a one-for-ten reverse
stock split of its common stock that will be effective at 12:01 am CDT on
October 11, 2013.
"We believe it is in the best interests of our shareholders to maintain our
listing on the Nasdaq Stock Market," said Joseph C. Levesque, Aetrium's
president and chief executive officer. "Accordingly, we are implementing this
reverse stock split in order to regain compliance with Nasdaq's minimum $1 bid
price listing requirement."
Certain matters in this news release are forward-looking statements that are
subject to risks and uncertainties that could cause actual results to differ
materially from those projected. Such risks and uncertainties include, but are
not limited to, adverse domestic or global economic conditions, slowing growth
in the demand for semiconductor devices, the volatility and cyclicality of the
microelectronics industry, changes in the rates of capital expenditures by
semiconductor manufacturers, progress of product development programs,
unanticipated costs associated with the integration or restructuring of
operations, and other risk factors set forth in the Company's SEC filings,
including its Form 10-K for the year ended December 31, 2012.
Aetrium, based in North St. Paul, Minnesota, is a leading supplier of
proprietary technologies and equipment that are used by the worldwide
semiconductor industry to test ICs. The company's products are used by
customers to advance reliability, improve quality, increase product yield or
improve manufacturing processes. Aetrium's common stock is publicly traded on
the Nasdaq market under the symbol ATRM. More information about Aetrium is
available on the internet at www.Aetrium.com.
CONTACT: Paul Askegaard
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