BETHESDA, Md., Dec. 24 Chindex International, Inc.(Nasdaq: CHDX), an independent American provider of Western healthcareservices and products in the People's Republic of China, announced today ithas received approval from NASDAQ for the listing of its common stock on theNASDAQ Global Market. Transfer of the listing from the NASDAQ Capital Marketto the NASDAQ Global Market has been completed and trading will commence today.The Company's common stock will continue to trade under the symbol "CHDX."
"The transfer to the NASDAQ Global Market reflects our ongoing commitmentto our shareholders to provide better liquidity and increased visibilitythrough inclusion in the NASDAQ Global Market Composite Index and the stocktables of The Wall Street Journal. We are pleased that the growth in ourcompany allows us to meet the higher standards required by the NASDAQ GlobalMarket," said Roberta Lipson, CEO of Chindex International, Inc.
About Chindex International, Inc.
Chindex is an American healthcare company that provides healthcareservices and supplies medical capital equipment, instrumentation and productsto the Chinese marketplace, including Hong Kong. It provides healthcareservices through the operations of its United Family Hospitals and Clinics, anetwork of private primary care hospitals and affiliated ambulatory clinics inChina. The Company's hospital network currently operates five facilities inthe Beijing and Shanghai metropolitan areas. The Company sells medicalproducts manufactured by various major multinational companies, includingSiemens AG, which is the Company's exclusive distribution partner for the saleand servicing of color doppler ultrasound systems. It also arranges financingpackages for the supply of medical products to hospitals in China utilizingthe export loan and loan guarantee programs of both the U.S. Export-ImportBank and the German KfW Development Bank. With twenty-five years of experience,more than 1,000 employees, and operations in China, Hong Kong, the UnitedStates and Germany, the Company's strategy is to expand its cross-culturalreach by providing leading edge healthcare technologies, qualityproducts and services to Greater China's professional communities. Furthercompany information may be found at the Company's websites,http://www.chindex.com and http://www.unitedfamilyhospitals.com .
Statements made in this press release relating to plans, strategies,objectives, economic performance and trends and other statements that are notdescriptions of historical facts may be forward-looking statements within themeaning of Section 27A of the Securities Act of 1933, as amended (the"Securities Act"), and Section 21E of the Securities Exchange Act of 1934, asamended (the "Exchange Act").
Forward-looking information is inherently subject to risks anduncertainties, and actual results could differ materially from those currentlyanticipated due to a number of factors, which include, but are not limited to,the terms, conditions, covenants, requirements and limitations set forth inthe documents relating to the above financing, risks and uncertaintiesrelating to the development to completion of the proposed two new and/orexpanded hospital facilities on budget if at all and factors set forth underthe heading "Risk Factors" in our annual report on Form 10-K for the yearended March 31, 2007, updates and additions to those "Risk Factors" in ourinterim reports on Form 10-Q and in other documents filed by us with theSecurities and Exchange Commission from time to time. Forward-lookingstatements may be identified by terms such as "may", "will", "should", "could","expects", "plans", "intends", "anticipates", "believes", "estimates","predicts", "forecasts", "potential", or "continue" or similar terms or thenegative of these terms. Although we believe that the expectations reflectedin the forward-looking statements are reasonable, we ca