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Conmed Transfers Listing
to NYSE Amex

Conmed executives ring the Opening Bell^SM to celebrate the company’s listing on NYSE Amex.

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When Conmed Healthcare Management Inc. (CONM), a provider of correctional healthcare-management services, listed on NYSE Amex this summer, the event proved to be a great milestone in the company’s history, says Conmed Chairman and CEO Richard Turner, PhD. Listing on the NYSE family of exchanges increased the company’s visibility and the value to its shareholders, he adds, noting that investors who previously would not invest in OTC bulletin-board companies have taken an interest.

Turner believes that having a dedicated market maker is one reason sophisticated investors have taken the company more seriously since the transfer. “It was an affirmation that the company had migrated from a startup operation into a larger organization,” he says, “instilling tremendous pride in all of our employees.”

The transition from the OTC market to NYSE Amex was smooth, and steps were taken in an orderly process as Conmed conformed to the standards of listing on NYSE Amex. “We got a lot of support from the Exchange in terms of encouraging us to move through the process,” says Turner. In celebration of its transfer, Conmed employees rang The Opening Bell^SM in July.

Conmed is among the first companies to list on an NYSE exchange under a four-letter trading symbol. From 1867, companies listed on the NYSE and NYSE Euronext markets traded only under one-, two- or three-letter ticker symbols.