22nd Century Group, Inc. (OTCQB:XXII)
today announced that the Company received approval to list its common
stock on the NYSE MKT. Trading on the NYSE MKT is expected to commence
on Tuesday, March 11, 2014 under the Company's current symbol, XXII. In
connection with this NYSE MKT listing, 22nd Century Group will cease
trading on the OTCBB and OTCQB.
“The listing of our common stock on NYSE MKT is an important milestone
for the Company since many institutional investors and retail brokers
looking to build a position in 22nd Century Group stock are not allowed
to purchase OTC Bulletin Board stocks,” stated Joseph Pandolfino, 22nd
Century’s Founder and CEO. “22nd Century Group in recent months has
implemented important components of its business plan and has delivered
strong financial growth, and we anticipate our transition to the NYSE
MKT will greatly facilitate continued growth in shareholder value as we
meet additional upcoming milestones.”
“We welcome 22nd Century Group, Inc. to the NYSE MKT’s listed company
community,” said Scott Cutler, Executive Vice President & Head of Global
Listings, NYSE Euronext. “We congratulate 22nd Century Group on its
first day of trading on the NYSE MKT and look forward to a long-standing
partnership with the company and its shareholders.”
22nd Century Group selected Virtu Financial as its Designated Market
Maker on the NYSE MKT.
22nd Century Group is currently scheduled to ring the opening bell at
the New York Stock Exchange on Tuesday June 17, 2014.
For additional information, please visit: www.xxiicentury.com.
About 22nd Century Group, Inc.
22nd Century is a plant biotechnology company whose proprietary
technology allows for the levels of nicotine and other nicotinic
alkaloids (e.g., nornicotine, anatabine and anabasine) in the tobacco
plant to be decreased or increased through genetic engineering and plant
breeding. 22nd Century owns or is the exclusive licensee of 114 issued
patents in 78 countries plus an additional 38 pending patent
applications. Goodrich Tobacco Company, LLC and Hercules
Pharmaceuticals, LLC are wholly-owned subsidiaries of 22nd Century.
Goodrich Tobacco is focused on premium commercial tobacco products and
potentially less harmful cigarettes. Hercules Pharmaceuticals is focused
on X-22, a prescription smoking cessation aid in development.
Cautionary Note Regarding Forward-Looking Statements: This
press release contains forward-looking information, including all
statements that are not statements of historical fact regarding the
intent, belief or current expectations of 22nd Century Group, Inc., its
directors or its officers with respect to the contents of this press
release. The words “may,” “would,” “will,” “expect,” “estimate,”
“anticipate,” “believe,” “intend” and similar expressions and variations
thereof are intended to identify forward-looking statements. We cannot
guarantee future results, levels of activity or performance. You should
not place undue reliance on these forward-looking statements, which
speak only as of the date that they were made. These cautionary
statements should be considered with any written or oral forward-looking
statements that we may issue in the future. Except as required by
applicable law, including the securities laws of the United States, we
do not intend to update any of the forward-looking statements to conform
these statements to reflect actual results, later events or
circumstances, or to reflect the occurrence of unanticipated events. You
should carefully review and consider the various disclosures made by us
in our annual report on Form 10-K for the fiscal year ended December 31,
2013, filed on January 30, 2014, including the section entitled “Risk
Factors,” and our other reports filed with the U.S. Securities and
Exchange Commission which attempt to advise interested parties of the
risks and factors that may affect our business, financial condition,
results of operation and cash flows. If one or more of these risks or
uncertainties materialize, or if the underlying assumptions prove
incorrect, our actual results may vary materially from those expected or
projected.
Copyright Business Wire 2014