NEW YORK, June 21, 2010 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ), the world's largest exchange company, announced that the trading of Motricity commenced June 18 on The NASDAQ Stock Market. Motricity is headquartered in Bellevue, Washington and trades under the ticker symbol (MOTR).
"Customized technology is becoming more important to today's mobile users, and Motricity has set itself apart by providing a unique suite of products and services for customers to use at anytime from anywhere," said Bruce Aust, Executive Vice President, Corporate Client Group, NASDAQ OMX. "Like Motricity, NASDAQ takes great pride in its reputation for innovation and we are fully committed to seeking new, dynamic and ground-breaking opportunities for companies that choose to partner with us throughout their pre- and post-IPO lifecycles."
During 1Q 2010, NASDAQ enhanced its Corporate Solutions offerings to help NASDAQ-listed companies better-connect with members of the media, analyst and investor relations communities. As a long-established presence within the technology sector, NASDAQ has captured 10 technology IPOs and has attracted more than 30 new listings YTD. NASDAQ new listings have raised approximately $2.6 Billion in proceeds as of June 7, 2010.
Motricity (Nasdaq:MOTR) is a leading mobile data solutions provider exclusively focused on the rapidly growing mobile Internet market. It serves some of the world's largest mobile carriers, simplifying the mobile Internet and creating a personalized mobile experience for subscribers. Motricity helps companies leverage the power of mobility to make direct, personalized connections with their customers.
About NASDAQ OMX:
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with more than 3,600 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit http://www.nasdaqomx.com.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein may contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about NASDAQ OMX's products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX's control. These factors include, but are not limited to, factors detailed in NASDAQ OMX's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
Neither The NASDAQ OMX Group, Inc., nor any of its affiliates (collectively "NASDAQ OMX") makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Investors should undertake their own due diligence and carefully evaluate companies before investing.
CONTACT: The NASDAQ OMX Group, Inc. Media Contact: Jolene Libretto (646) 441-5220 Jolene.Libretto@nasdaqomx.com
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