Mobile 3G technology provider Artificial Life Inc. today announced that the Deutsche Borse AG has approved the company’s admittance application to the Entry Standard of the German stock exchange, effective March 22, 2010.
The Entry Standard is a segment for companies looking for ways to increase visibility on the capital market and provide additional information to the investment community. Artificial Life said the admittance to the Entry Standard reflects growing investor interest in the company and the relative need for more stringent transparency, which the Entry Standard requires.
“A change from the Open Market to the Entry Standard enables Artificial Life Inc. to position itself more prominently in the European capital markets. The Company has already provided its investors with additional information and we see this as a formal step to show our investors in Europe that we are committed to meeting higher transparency standards of Deutsche Börse AG,” Eberhard Schöneburg, CEO of Artificial Life stated in the press release.
Artificial Life’s current OTCBB listing and trading will not be affected by the company’s admittance to the Entry Standard.
Frankfurt-based Close Brothers Seydler Bank AG was Artificial Life’s designated listing sponsor, assisting the company with the admittance process.