QualityStocks would like to highlight Midas Medici Group Holdings, Inc. (OTCBB: MMED). Midas Medici Group is a green IT company that supplies mid-sized and select enterprises and institutions with leading-edge IT solutions in the fields of virtualization, cloud computing and data management, as well as working with utilities and other institutions to transform the electric grid through digital technologies in the United States and Brazil.
In the company’s news Friday,
Midas Medici announced that it is actively seeking a listing on a senior U.S. stock exchange (NASDAQ or AMEX), once the company meets all applicable listing requirements. The move is meant to increase the company’s visibility in U.S. capital markets, and is a key part of their overall high-growth strategy.
Midas CEO and co-founder, Mr. Nana Baffour, commented on the announcement. “Graduating to a senior U.S. exchange is a high priority for Midas given the tremendous progress we have made growing our business through a combination of organic growth and accretive acquisitions in the United States and Brazil. Midas’ management team and our board of directors are confident that a senior listing will be of tremendous benefit to existing and potential shareholders. Not only would we expect a senior exchange listing to allow us to attract additional investors and increase liquidity, it would also make Midas available to a broader segment of the institutional community as we strive to make further improvements to our revenue, and enhance shareholder value.”
Midas supplies companies and institutions with virtualization, cloud computing, and data management solutions. The company helps optimize IT and data center investments, reducing data loss and cutting energy use, and also works with utilities in the U.S. and Brazil to improve the efficiency of the electric grid through the application of digital technologies.
Midas serves a diverse list of more than 700 clients, from mid-sized to Fortune 1000 companies. Midas’ comprehensive green IT and Smart Grid solutions are provided to customers around the world, including Pepsi, HP, Oracle, PBS, AT&T, Oracle, National Grid, the International Monetary Fund, and many more. The company’s stated mission is to become a leading global provider of green IT and Smart Grid solutions.
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Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
