Common Stock of Kmart Holding Corporation To Begin Trading on NASDAQ National Market
Kmart Holding Corporation (NASDAQ: KMRT) today announced that the NASDAQ Stock Market, Inc. has approved the quotation of the Company's common stock on the NASDAQ National Market System. The common stock will begin trading today on the NASDAQ National Market under the symbol KMRT. The common stock had previously traded on the OTC Bulletin Board.
Julian C. Day, President and Chief Executive Officer of Kmart said, "We are pleased that the new common stock of Kmart Holding Corporation has met the listing requirements for the NASDAQ National Market System. This listing is another important milestone in Kmart's recovery. Among other benefits, listing on the NASDAQ National Market System should enhance the trading liquidity of the new common stock and expand the number of investment management funds eligible to purchase the stock."
Kmart is a mass merchandising company that serves America through Kmart and Kmart SuperCenter retail outlets.
Cautionary Statement Regarding Forward-Looking Information and Other Matters
Statements made by Kmart which address activities, events or developments that we expect or anticipate may occur in the future are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect the Company's current views with respect to current and future events and financial performance. Such forward-looking statements are and will be, as the case may be, subject to many risks and uncertainties, including, but not limited to, its affiliates having filed for bankruptcy and factors relating to Kmart's operations and the business environment in which Kmart operates, which may cause the actual results of Kmart to be materially different from any future results expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include Kmart's ability to operate pursuant to its exit financing facility; the ability of the Company to obtain and maintain normal terms with its vendors; the ability of Kmart to attract and retain customers; and those set forth in Kmart Corporation's Annual Report on Form 10-K for the fiscal year ended January 29, 2003, or in other filings made, from time to time, by Kmart with the Securities and Exchange Commission (the "Company Filings"). The forward-looking statements speak only as of the date when made and Kmart does not undertake to update such statements.
SOURCE: Kmart Holding Corporation
CONTACT: Kmart Media Relations, +1-248-463-1021
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