MADRID, Spain, Nov. 16, 2007 (PRIME NEWSWIRE) -- Telvent GIT S.A. (Nasdaq:TLVT), the IT company for a sustainable and secure world, announced today that as of yesterday its shares were transferred to the NASDAQ Global Select Market, one of the three market tiers at Nasdaq, and the one that encompasses companies with the most stringent listing standards. Prior to the upgrade, Telvent's common stock was listed on the NASDAQ Global Market.
On July 2006, NASDAQ announced that NASDAQ-listed companies would be grouped under three new tiers -- the NASDAQ Global Select Market, the NASDAQ Global Market(sm) and the NASDAQ Capital Market(sm). The NASDAQ Global Select Market has the highest listing standards of any exchange in the world based on financial and world-class corporate governance standards. The inclusion of Telvent as part of this group is an important recognition to the Company's work and effort during the last three years being quoted on NASDAQ.
According to Telvent's chairman and chief executive officer, Manuel Sanchez, "It is an honor to have achieved NASDAQ's highest listing standards. We are proud of being part of this select group where Telvent's shares will be now traded alongside other NASDAQ's top-tier companies with which we share a common interest in the corporate governance best practices and transparency in management."
The introduction of the Global Select Market tier reflects NASDAQ's goal to keep pace with other stock markets as it transitions from an interdealer quotation system to a national securities exchange. For additional information about the NASDAQ Global Select Market, please visit: www.nasdaq.com/GlobalSelect.
About Telvent
Telvent (Nasdaq:TLVT), the IT company for a sustainable and secure world, specializes in high value-added products, services and integrated solutions for the Energy, Transportation, Environment and Public Administration industry segments, as well as Global Services. Its innovative technology and client-proven expertise enable the efficient and secure real-time management of operational and business processes for industry-leading companies worldwide (http://www.telvent.com).
The Telvent GIT S.A. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3116