CE Franklin Ltd. Switches to the NASDAQ Stock Market

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[{"type":"text","content":"\n\n\n\nCALGARY, April 2 /CNW/ - CE Franklin Ltd. (TSX.CFT, NYSE Alternext US:\nCFK) announced today that its board of directors has approved management's\ndecision to switch the listing of its common stock from the NYSE Alternext US\nstock exchange ("Alternext") to the NASDAQ Stock Market LLC ("NASDAQ"). The\nlast day of trading on Alternext will be Monday, April 13, 2009. The company's\nshares will commence trading on the NASDAQ Global Market on Tuesday, April 14,\n2009 under its current symbol, "CFK".\n\n\n"This decision was reached after careful consideration of capital market\nalternatives and analysis of the electronic market model, which provides added\nvisibility to our investors," said Michael West, President and Chief Executive\nOfficer of CE Franklin Ltd. "We believe that NASDAQ's electronic multiple\nmarket maker structure will provide our company with enhanced exposure and\nliquidity, while at the same time providing investors with the best prices,\nthe fastest execution, and the lowest cost per trade. We are proud to be a\npart of NASDAQ."\n\n\nNASDAQ is the world's largest electronic stock market, and hosts\napproximately 3,200 U.S. companies, more than any other U.S. stock market.\nNASDAQ attracts leading growth companies from a diverse group of sectors,\nincluding technology, retail, communications, financial services,\ntransportation, media and biotechnology.\n\n\nAbout CE Franklin\n\n\nFor more than half a century, CE Franklin has been a leading supplier of\nproducts and services to the energy industry. CE Franklin distributes pipe,\nvalves, flanges, fittings, production equipment, tubular products and other\ngeneral oilfield supplies to oil and gas producers in Canada as well as to the\noil sands, refining, heavy oil, petrochemical, forestry and mining industries.\nThese products are distributed through its 44 branches, which are situated in\ntowns and cities serving particular oil and gas fields of the western Canadian\nsedimentary basin.\n\n\nForward-looking Statements: The information in this news release may\ncontain "forward-looking statements" within the meaning of Section 27A of the\nSecurities Act of 1933 and Section 21E of the Securities Exchange Act of 1934\nand other applicable securities legislation. All statements, other than\nstatements...

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