MILWAUKEE – ARI Network Services Inc. on Thursday
announced it has won approval to re-list its shares on
the Nasdaq exchange.
The Milwaukee-based provider of electronic parts
catalogs and online services listed its shares on Nasdaq
under an earlier business model but in recent years has
The company, founded in 1981, is shifting its business
model as the Internet has transformed, according to a
"We are excited about the move to Nasdaq and look
forward to leveraging their technologically advanced
trading platform to reach investors around the world,"
said chief executive Roy Olivier.
The company now has $30.9 million in annual sales and
offices across the U.S., as well as one in Europe. ARI’s
common stock is expected to begin trading on the Nasdaq
starting Monday under its current trading symbol “ARIS.”
"Re-listing with Nasdaq is a major milestone for ARI and
is consistent with our objectives to improve our
visibility in the public markets, help us expand our
shareholder base, and improve our liquidity,” Olivier
said. “We look forward and are honored to join many
other leading technology companies already listed on the