SAN GERONIMO, Calif., Jan. 11, 2012 (GLOBE NEWSWIRE) -- Virogen Inc. (OTC:VRNI), a holding company specializing in data security and encryption technology, today announced that the company has initiated the application process to the Frankfurt Stock Exchange (FWB®) to have its common shares listed on the exchange.
It is expected that the listing and trading on FWB® will take place by the end of 2012 as the listing process can take up to a year. Virogen will announce the symbol for trading on FWB® prior to commencement of trading. The Company's common stock will continue to trade in the U.S. on the OTC markets under the trading symbol VRNI. There will be no capital raising associated with the listing.
Frankfurter Wertpapierbörse (FWB®, the Frankfurt Stock Exchange) is the largest of Germany's seven stock exchanges and is one of the world's largest trading centers for securities. The Frankfurt Stock Exchange facilitates advanced electronic trading, settlement and information systems hence is able to meet the steadily growing requirements of cross-border trading.
"Being listed on the Frankfurt exchange will provide the company with greater exposure in the major markets of both Western and Eastern Europe. Establishing a presence on this exchange is an important strategy component in the company's plans for growth on a global scale. While being listed on the FWB exchange will offer similar advantages to being listed on London's AIM exchange, it is also unique in its market niche. By listing on both exchanges the company is maximizing its exposure and opportunities for expansion," commented Virogen's Chief Executive Officer, Paul Hogan.
About Virogen, Inc.
Virogen, Inc. is a technology holding company. The company's wholly owned subsidiary, Tiger Team Technologies "T3," has developed a very unique suite of copyrighted tools to address the network and database security needs of enterprise level companies and corporations. T3's risk management offering provides an unprecedented level of security and liability protection, positioning it as the only company with a comprehensive solution to data security breaches for its clients. T3's primary markets include medical service providers, financial services firms, brokerages and currency transaction platforms, consumer credit card companies, banking entities, retailers, defense and government related operations.
Forward-Looking Statements:
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Virogen, Inc. and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions the occurrence of unanticipated events or changes to future operating results.