Ta llinn/Riga/Vilnius, Baltic Market, August 8, 2013 - The NASDAQ OMX Group, Inc. (NASDAQ: NDAQ ) announces that as of tomorrow the shares of Telescan AS (ticker symbol: TSC1T), a company providing novel health-scan services, will start trading on the NASDAQ OMX Baltic Alternative Market First North.
Telescan AS is a start-up company founded in May 2013. The company is incorporated in Estonia and is owned by British private capital. Telescan AS will be pioneering the concept of low-cost, annual health-scans based on Magnetic Resonance Imaging (MRI), Computerized Tomography (CT) and Ultrasound scanning combined with a series of other high-tech scanning technologies. Telescan will then correlate these scans with the predictive power of genetic scans that are able to identify bio-markers, which can be indicative of some 45 major life threatening diseases.
“Telescan is the first company to join First North this year in Estonia as well as in the Baltics. There is an increased level of interest in shares globally and this is echoed in the Baltic Market, so we believe that this young start-up will benefit from greater visibility and access to equity capital. We wish Telescan to become a long-term success story,” said Daiga Auzi?a-Melalksne, Head of Exchange Services at NASDAQ OMX Baltic Market.
“Estonia has established for itself a very important niche in the IT and genetic scanning fields, resulting in having plenty of highly qualified scientific and administrative personnel in these sectors. The country’s highly advanced ICT infrastructure also makes Estonia ideally suited as a base for Telescan’s business model which integrates a global network of healthcare franchises linked via the Internet,” said Simon Ward, member of the Management Board and the Chief Commercial Officer of Telescan AS.
Telescan has appointed Cresco Väärtpaberid as its Certified Advisor. According to Olev Schults, CEO of AS Cresco Väärtpaberid, Telescan AS business model is unique and First North as an alternative marketplace plays an important role in the company’s corporate build-up and in its desire to become an internationally recognized and transparent high-tech business already in the early stage of the company’s development.
Note: NASDAQ OMX Baltic Alternative Market First North consists of First North Markets of NASDAQ OMX Tallinn, NASDAQ OMX Riga and NASDAQ OMX Vilnius.
About First North Baltic NASDAQ OMX First North is a multilateral trading facility (MTF), also known as Alternative market, operated by the different exchanges within NASDAQ OMX. It does not have the legal status as a regulated market of EU. Companies at First North are subject to the rules of First North and not the legal requirements for listing or admission to trading on a regulated market.
About NASDAQ OMX Group The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 26 markets including 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-55 microsecond speeds with 99.99% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world’s securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to approximately 3,300 listed companies worth more than $6 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn more, visit www.nasdaqomx.com . Follow us on Facebook ( www.facebook.com/NASDAQ ) and Twitter ( www.twitter.com/nasdaqomx ). (Symbol: NDAQ and member of S&P 500)
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