IBasis Back on Nasdaq

IBasis regains Nasdaq listing under the symbol IBAS

June 19, 2006

1 Min Read

BURLINGTON, Mass. -- iBasis, Inc. (OTCBB: IBSE), the global VoIP company(TM), announced today that its application for listing of its common stock on The NASDAQ National Market has been approved and iBasis common stock will begin trading on The NASDAQ National Market on Wednesday, June 21, 2006. At that time, the stock will return to its original stock symbol, IBAS. iBasis stock has been trading on the Over-the-Counter Bulletin Board under the symbol IBSE since the Company implemented a reverse stock split on May 3, 2006. The Company's common stock will continue to trade as IBSE on the OTCBB through the close of the market on Tuesday, June 20, 2006.

"Our return to the NASDAQ market is an important validation of our achievements over the last several years, including the elimination of our long-term debt and our continued strong growth in revenue, gross profit, and net income," said Ofer Gneezy, president and CEO of iBasis. "We believe that listing on the NASDAQ National Market will enable us to attract more institutional investors and analyst coverage to the benefit of all iBasis stockholders."

iBasis Inc. (Nasdaq: IBAS)

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