HATBORO, Pa., Sept. 24 /PRNewswire-FirstCall/ -- InfoLogix, Inc., a leading technology provider of mobile enterprise solutions for the healthcare and commercial industries, announced today that The NASDAQ Stock Market LLC has approved its application for listing of the Company's common stock on the NASDAQ Capital Market. Trading in the Company's common stock commenced on the morning of September 24, 2007 under the symbol "IFLG."
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"We are extremely pleased that our listing application has been approved. This listing is a significant milestone for our company and highlights our continuing commitment to enhancing shareholder value," commented David Gulian, president and CEO of InfoLogix, Inc. "The move to the NASDAQ Capital Market will not only increase our visibility and credibility in the marketplace but also enhance liquidity and trading efficiency for investors. We are proud to have satisfied the standards of reporting and financial strength required by NASDAQ."
InfoLogix provides RFID and other technology solutions for the healthcare and enterprise mobility markets, including solutions that directly address three of the top four technology needs identified by CIOs in the 18th annual HIMSS leadership survey. The global RFID marketplace is expected to exceed $26 billion by 2015 according to industry analysts. InfoLogix provides various technology solutions to over 1,400 hospitals, or 20% of all hospitals located in the United States.
About InfoLogix, Inc.
InfoLogix (Nasdaq: IFLG) is a leading provider of technology and RFID based intelligence solutions that enable the mobile enterprise. InfoLogix uses the industry's most advanced technologies to increase the efficiency, accuracy, and transparency of complex business and clinical processes for the healthcare industry and the commercial marketplace. With 19 issued patents, InfoLogix provides mobile managed solutions, on-demand software applications, mobile infrastructure products, and strategic consulting services to over 2,000 clients in North America including Kraft Foods, Merck and Company, General Electric, News America Corporation, Mercedes Benz, Kaiser Permanente, Adventist Health, Universal Health Services, and Stanford School of Medicine. Founded in 2001 and headquartered in suburban Philadelphia, PA, InfoLogix has been named the sixth fastest growing new business in the United States for the last three years by Entrepreneur Magazine. For more information, visit http://www.infologixsys.com.
Safe Harbor Statement
This press release contains forward looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and that represent our expectations or beliefs about future events and financial performance. Forward-looking statements are identifiable by words such as "believe," "anticipate," "expect," "intend," "plan," "will," "may" and other similar expressions. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. Forward-looking statements are subject to known and unknown risks and uncertainties, including those described in our Annual Report on Form 10-K for the year ended December 31, 2006 and other filings we make with the Securities and Exchange Commission. Actual results could differ materially from those suggested by the forward- looking statements. We do not make any commitment to revise or update any forward-looking statements to reflect new information events or circumstances occurring or existing after the date of any forward-looking statement is made.
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