Bell Microproducts to get relisted on NASDAQ

Bell Microproducts has confirmed that its stock is to be relisted on NASDAQ, nearly two years after it was suspended. The distributor unearthed accounting irregularities dating back to 1996 that forced a costly investigation.

Bell Microproducts has confirmed that its stock is to be relisted on NASDAQ, nearly two years after it was suspended.

The distributor unearthed accounting irregularities dating back to 1996 that forced a costly investigation and ultimately cost it its place on the second largest stock exchange in the US when it failed to comply with market regulations.

Light finally light appeared at the end of the tunnel for Bell last autumn when it got SEC filing up-to-date and management turned their efforts to get relisted on a national exchange.

CEO Don Bell said he was "extremely pleased to resume normal trading on NASDAQ" and thanked staff that had worked toward this "milestone".

"We believe our NASDAQ relisting reflects the financial and operational progress we have achieved in recent quarters," he added.

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