LITTLETON, Colo., Oct. 13, 2004 — ADA-ES, Inc. announced that its common stock, which has been trading on the OTC Bulletin Board since the Company spun-off from Earth Sciences, Inc. in September 2003, will begin trading on the NASDAQ Small Cap Market effective tomorrow, October 14, 2004. The ticker symbol for ADA-ES’ common stock will remain ‘ADES.’
Dr. Michael Durham, President of ADA-ES, stated, “Listing on the NASDAQ is a significant step for our Company. ADA-ES’ stock is now eligible for purchase by a broader range of investment funds, and the NASDAQ listing will afford greater exposure. This milestone indicates our focus on increasing shareholder value while capitalizing on the opportunities in the mercury emission control industry. Also important – we believe the listing will enhance our credibility with utility customers.”
The Company expects the move to the NASDAQ Small Cap Market to be seamless for ADA-ES shareholders. Shareholders that hold a stock certificate do not need to replace the certificate. At such time as shareholders might sell the shares represented on the certificate, the transfer agent will automatically recognize the shares as ADA-ES stock on the NASDAQ Small Cap Market.
Headquartered in Littleton, Colorado, ADA-ES, Inc. develops and implements proprietary environmental technology and specialty chemicals that mitigate the environmental impact from electric power and industrial companies while reducing operating costs.