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For further information: |
| Richard Michaelson | |
| Phone US: (732) 649-9961 | |
| e-mail: LifeSciencesResearch@LSRinc.net |
August 22, 2005 LSR TO LIST ON THE NEW YORK STOCK EXCHANGE East Millstone,
New Jersey, August 22, 2005 – Life Sciences Research, Inc. (OTCBB:
LSRI) announced today that its listing application has been accepted by
the New York Stock Exchange (NYSE).
Trading is expected to begin on the NYSE on Wednesday, September
7, 2005 under the new ticker symbol “LSR”.
Until that time, LSR will continue to trade on the Nasdaq OTCBB. Andrew
Baker, the Company’s Chairman and Chief Executive Officer, stated,
“This move to the world’s most prestigious stock exchange marks an
important milestone for LSR. The
growing visibility LSR has enjoyed in the investment community has
played an important part in our qualifying for the NYSE. We are
confident that this listing will provide us with improved liquidity
through access to a broader domestic and worldwide investor base.” Brian
Cass, LSR’s President, added “It is gratifying that the Company’s
significant growth in revenues, earnings and market capitalization over
the past several years has enabled us to achieve this important
objective. As one of the founders and leaders in the market for
outsourced safety testing services for the world’s pharmaceutical and
biotech industries, LSR is pleased to join the many life sciences
companies already listed on the NYSE.” “On
behalf of my colleagues at the New York Stock Exchange, I would like to
welcome Life Sciences Research to the NYSE family of listed
companies,” said Exchange President and co-COO Catherine R. Kinney.
“We look forward to our partnership with Life Sciences Research and
its shareholders, along with providing a marketplace of the highest
quality and renowned for its superior reach and visibility to the global
investment community.” Life
Sciences Research is a global contract research organization providing
product development services to the pharmaceutical, agrochemical and
biotechnology industries. LSR brings leading technology and
capability to support its clients in non-clinical safety testing of new
compounds in early stage development and assessment. The purpose
of this work is to identify risks to humans, animals or the environment
resulting from the use or manufacture of a wide range of chemicals which
are essential components of LSR’s clients’ products. The
Company’s services are designed to meet the regulatory requirements of
governments around the world. LSR operates research facilities in
the United States (the Princeton Research Center, New Jersey) and the
United Kingdom (Huntingdon and Eye, England). This
announcement contains statements that may be forward-looking as defined
by the Private Securities Litigation Reform Act of 1995. These
statements are based largely on LSR’s expectations and are subject to
a number of risks and uncertainties, certain of which are beyond LSR’s
control, as more fully described in the Company’s SEC filings,
including its Form 10-K for the fiscal year ended December 31, 2004, as
filed with the US Securities and Exchange Commission. --- end --- |
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