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8-K - FORM 8-K - TRANSCAT INC | l42910e8vk.htm |
Exhibit 99.1
NEWS RELEASE |
Transcat, Inc. 35 Vantage Point Drive Rochester NY 14624
Phone: (585) 3527777
Transcat Listing Upgraded to NASDAQ Global Market
ROCHESTER, NY, June 9, 2011 Transcat, Inc. (NASDAQ: TRNS) (Transcat or the Company), a
leading distributor of professional grade handheld test and measurement instruments and accredited
provider of calibration, repair and other measurement services, announced today that the NASDAQ
Stock Market has approved the Companys application to transfer its stock listing from the NASDAQ
Capital Market to the NASDAQ Global Market. The transfer will be effective at the opening of the
market on Monday, June 13, 2011 and the Companys shares will continue to be listed under the stock
symbol TRNS.
Charles P. Hadeed, President, CEO and COO of Transcat, commented, The transfer to the Global
Market demonstrates that we have met the tougher listing standards and will provide a more
appropriate platform for the listing of our securities by increasing our exposure to the investment
community.
ABOUT TRANSCAT
Transcat, Inc. is a leading distributor of professional grade handheld test and measurement
instruments and accredited provider of calibration, repair and other measurement services primarily
for the pharmaceutical and FDA-regulated, industrial manufacturing, energy and utilities, chemical
manufacturing, and other industries. Through its distribution products segment, Transcat markets
and distributes national and proprietary brand instruments to nearly 15,000 customers. The Company
offers access to more than 25,000 test and measurement instruments. Transcat delivers precise,
reliable, fast calibration, and repair services across the United States, Canada and Puerto Rico
through its 14 strategically located Calibration Centers of Excellence. The breadth and depth of
parameters covered by Transcats ISO/IEC 17025 scopes of accreditation are believed to be among the
best in the industry.
Transcats growth strategy is to expand both its distribution products and calibration services in
markets that value product breadth and availability and rely on accredited calibration services to
maintain the integrity of their processes.
More information about Transcat can be found on its website at: transcat.com
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements are subject to risks, uncertainties and
assumptions and are identified by words such as expects, estimates, projects, anticipates,
believes, could, and other similar words. All statements addressing operating performance,
events, or developments that Transcat, Inc. expects or anticipates will occur in the future,
including but not limited to statements relating to anticipated revenue, profit margins, sales
operations, its strategy to build its sales representative channel, customer preferences and
changes in market conditions in the industries in which Transcat operates are forward-looking
statements. Because they are forward-looking, they should be evaluated in light of important risk
factors and uncertainties. These risk factors and uncertainties are more fully described in
Transcats Annual and Quarterly Reports filed with the Securities and Exchange Commission,
including under the heading entitled Risk Factors. Should one or more of these risks or
uncertainties materialize, or should any of the Companys underlying assumptions prove incorrect,
actual results may vary materially from those currently anticipated. In addition, undue reliance
should not be placed on the Companys forward-looking statements. Except as required by law, the
Company disclaims any obligation to update or publicly announce any revisions to any of the
forward-looking statements contained in this press release.
For more information contact:
John Zimmer, Chief Financial Officer
Phone: (585) 352-7777 Email: jzimmer@transcat.com
-OR-
Deborah Pawlowski, Investor Relations
Phone: (716) 843-3908 Email: dpawlowski@keiadvisors.com
Phone: (585) 352-7777 Email: jzimmer@transcat.com
-OR-
Deborah Pawlowski, Investor Relations
Phone: (716) 843-3908 Email: dpawlowski@keiadvisors.com
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