Dr Jerry Nims, Chairman of NimsTec stated "The listing of NimsTec will significantly raise the visibility and accessibility of the company amongst international institutional investors. Listing on The BSX compliments our choice of Bermuda as our international domicile and, at this stage, is a logical next step in our growth."
Daily pricing information on NimsTec's shares is available on the Bloomberg at NIMSTEC
The BSX was established in 1971 and is now the world's premiere offshore electronic securities market. A total of 115 equities, bonds, Mutual Funds and warrants are listed on The BSX with a total market capitalization in excess of $30 billion. The BSX offers a unique listing opportunity for Hi-Tech stocks which are restricted to professional investors at a much earlier stage than domestic stock markets.
William Woods CEO of The BSX stated "We are delighted to have a Hi-Tech stock like NimsTec choosing to list on the BSX under the restricted marketing category. NimsTec represents the first Hi-Tech stock to realize the opportunity of being listed in Bermuda at such an early stage and, based on NimsTec's listing, we expect many more such listings on The BSX."
The BSX is recognized as a Designated Offshore Securities Market by the US SEC and has applied for recognition as a Designated Investment Exchange from the UK SIB. The listing of NimsTec has been sponsored by Butterfield Securities Limited, a subsidiary of N T Bank of Butterfield & Son Ltd and a Trading Member of The BSX.
Enquiries to:
Scott Maxie
NimsTec on Tel- (1-441) 296 4261
W. William A. Woods at The BSX on Tel (1-441) 292-7212