Software Innovator First to be Accepted to the New Premium Listing Service
Basel, Switzerland and Newport Beach, California– January 24, 2007 – Day Software (SWX: DAYN, OTC:DYIHY), a leading provider of global content management and content infrastructure software, today announced that they have joined Pink Sheets, LLC premium quotation, trading, and disclosure service for OTC securities.
The new service, OTCQX, provides a gateway to U.S. securities markets giving public international companies a vehicle to provide ongoing disclosure and differentiation from the almost 5,000 OTC securities electronically traded on the Pink Sheets. Only leading companies that have substantial operating businesses and provide credible disclosure to the public are eligible for inclusion on the premium tier OTCQX, which commences trading on March 5, 2007.
"The OTCQX is a premier market tier that provides us a cost effective alternative to being a U.S. publicly traded company, while still providing our shareholders with a premier trading, quotation and disclosure venue for our securities,” said Chris Harano, Chief Financial Officer Day Software. “With no duplication of primary listing processes, this service will help to reduce the valuation gap between U.S. and a non-U.S. listings, while being respectful of our home country disclosure requirements.”
Under the new OTCQX premium platform, the Company would continue to provide ongoing quarterly and annual financial statements, disclose interim material events, conduct annual audits and conduct annual shareholder meetings.
Day is a leading provider of integrated content, portal and digital asset management software. Day’s technology Communiqué offers a comprehensive, rapidly deployable framework to unify and manage all digital business data, systems, applications and processes through the web. Communiqué’s content-centric architecture, and its innovative ContentBus, turns the entire business into a virtual repository bringing together content from any system, regardless of location, language or platform.
Day is an international company, founded in 1993, and listed on the SWX Swiss Exchange (SWX:DAYN) since April 2000. Day’s customers are some of the largest global corporations and include Audi, DaimlerChrysler, Deutsche Post World Net, Intercontinental Hotels Group, McDonald’s, UBS and Volkswagen.
An alternative to listing on traditional exchanges, OTCQX is a new market tier for issuers of securities that are traded in the over-the-counter (OTC) markets. The OTCQX trading, quotation and disclosure platform, comprised of the PremierQX and PrimeQX tiers, is designed to distinguish strong public companies from the nearly tens of thousands of securities traded on OTC. Additional information is available at www.otcqx.com.
About Pink Sheets, LLC
Pink Sheets, LLC is the leading provider of services, software and financial information for the OTC securities markets. Its electronic quotation, trading and disclosure services enhance the efficiency of OTC trading, provide better executions for OTC investors and improve the capital formation process for OTC issuers. For more information visit the Pink Sheets website at www.pinksheets.com.
A warning regarding forward-looking statements
This press-release may contain forward-looking statements regarding future events or the future performance of Day Software Holding AG and its subsidiaries (the “Company”). Words such as “expects,” “plans,” “believes,” “may,” “will,” and variations of these words or similar expressions are intended to identify forward-looking statements. These statements speak only as of the date hereof. Such information is subject to change, and we will not necessarily inform you of such changes. Actual events or results, of course, could differ materially and adversely from those expressed in any forward-looking statement. There is currently no public trading market in the United States for the Company’s stock, and the Company does not make filings (e.g., Forms 10-K and 10-Q) with the Securities and Exchange Commission under the Securities Exchange Act of 1934.
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- Jackie Cadorin
- Day Software
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