Yesterday, at 9:30am EST, my PEER 1 colleagues and I were given the opportunity to open the market for the Toronto Stock Exchange (TSX) (on which we are listed under the symbol PIX). What a cool experience and one that I won’t soon forget. I remember back in university taking a course on corporate valuation taught by a former Wall Street insider. I found it fascinating and have been following the markets ever since. I’ve also seen many companies on television opening the market by ringing the bell, or in our case, pushing a touch screen button on a plasma (ah, technology). I can’t say I ever thought I would get the chance, but I’m very glad I did. The opening marks a significant milestone in PEER 1’s nine year history and I feel very fortunate to have been a part of it, and to have shared the experience with a tremendous group of people.
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This is a proud day for my company. PEER 1 announced today our record Third Quarter results, our seventh consecutive quarter of record profitable growth, and that we will start trading on the Toronto Stock Exchange (TSX) main board beginning Tuesday, May. 20th. Up until now, we’ve been trading on the smaller TSX Venture exchange.
“The listing of PEER 1’s shares on the Toronto Stock Exchange will be a major milestone in PEER 1’s evolution” said Fabio M. Banducci, PEER 1’s president and CEO. “We look forward to the increased visibility that our graduation to the TSX will deliver to the company and to our shareholders.”
I’v been at PEER 1 since November 2004 and have witnessed more growth in the past three years working here than I have over my entire career. This is a great company with tremendous people, and I’m truly proud to be part of it. For PEER 1, I really feel this is just the beginning. But for now, we are celebrating this milestone.