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Nasdaq Welcomes Smart Sand, Inc. (Nasdaq: SND) to The Nasdaq Stock Market


NEW YORK, Nov. 04, 2016 (GLOBE NEWSWIRE) -- Smart Sand, Inc. (Nasdaq:SND), a pure-play, low-cost producer of high-quality Northern White raw frac sand, visited the Nasdaq MarketSite in Times Square today in celebration of its initial public offering (IPO) on The Nasdaq Stock Market.

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Frac sand is a preferred proppant used to enhance hydrocarbon recovery rates in the hydraulic fracturing of oil and natural gas wells. Smart Sand provides their products primarily to oil and natural gas exploration and production companies and oil field service companies, under a combination of long-term take-or-pay contracts and spot sales in the open market. The size and favorable geologic characteristics of the company’s sand reserves, the strategic location and logistical advantages of its facilities and the industry experience have positioned Smart Sand as a highly attractive source of raw frac sand to the oil and natural gas industry.

“On behalf of our Board of Directors and the executive management team, I would like to thank all of our employees and customers in helping us to reach this milestone,” said Charles E. Young, Chief Executive Officer, Smart Sand.

“Smart Sand has been focused on addressing the critical supply constraints in the oil field services sector and facilitating management and efficiency of delivering quality Northern White sand. Combining cutting edge technologies and a commitment in substantiality, Smart Sand embodies the innovative spirit that defines Nasdaq-listed companies. We are excited to welcome Smart Sand to the Nasdaq family,” said Nelson Griggs, Executive Vice President, Listing Services, Nasdaq.

The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Information about the company is provided by the company or comes from the company’s public filings and is not independently verified by Nasdaq.  Neither Nasdaq nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq-listed companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.

About Nasdaq

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