Press Release
MSC.Software Announces Listing on the NASDAQ Global Select Market
SANTA ANA, Calif. - August 30, 2006 - MSC.Software Corporation (OTC:MNSC), the leading global provider of enterprise simulation solutions including simulation software and services, today announced that the NASDAQ Listing Qualifications Department of The NASDAQ Stock Market LLC has approved the Company's application for listing of its common stock on The NASDAQ Global Select Market. MSC anticipates that its common stock will begin trading at the market opening on Tuesday, September 5, 2006 under the symbol "MSCS."
"Our upcoming listing on The NASDAQ Global Select Market represents an important step in the transformation of MSC.Software," said Bill Weyand, Chairman and CEO of MSC.Software. "Improved liquidity, less volatility and higher trading volumes are important advantages that will result from listing on this state-of-the-art electronic trading platform. In addition, we believe that a new group of investors will now become aware of MSC, and that should improve overall stockholder value."
About MSC.Software Corporation
MSC.Software (OTC: MNSC) is the global leader of enterprise simulation solutions, that help companies make money, save time and reduce costs associated with designing and testing manufactured products. MSC.Software works with thousands of companies in hundreds of industries to develop better products faster by utilizing information technology, software, services and systems. MSC.Software employs more than 1200 people in 23 countries. For additional information about MSC.Software's products and services, please visit www.mscsoftware.com.
This press release contains forward-looking statements that involve risks and uncertainties. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, including, without limitation, statements regarding our expectations, beliefs, intentions or strategies regarding the future. All forward-looking statements included in this press release are based on information available to us on the date hereof. These statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results to differ materially from those implied by the forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential," "targets," "goals," "projects," "continue," or variations of such words, similar expressions, or the negative of these terms or other comparable terminology. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements. Neither we nor any other person can assume responsibility for the accuracy and completeness of forward-looking statements. Important factors that may cause actual results to differ from expectations include, but are not limited to, those discussed in "Risk Factors" on our 2005 Form 10-K filed with the Securities and Exchange Commission. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.
| Contact: Joanne Keates Vice President, Investor Relations MSC.Software 714.444.8551 joanne.keates@mscsoftware.com |
Contact: Jennifer Brannon Senior Manager, Public Relations MSC.Software (714) 445-3119 jennifer.brannon@mscsoftware.com |
