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Smith-Midland Uplisting to The NASDAQ Capital Market

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MIDLAND, VA / ACCESSWIRE / November 12, 2020 / Smith-Midland Corporation (NASDAQ:SMID), which develops, manufactures, licenses, rents and sells a broad array of precast concrete products, services, and systems for use primarily in the construction, transportation and utilities industries, is pleased to announce that NASDAQ approved the Company's common stock for listing on The NASDAQ Capital Market. Smith-Midland will continue trading under its current symbol SMID. Trading on The NASDAQ Capital Market is expected to commence during the week of November 16, 2020.

"Smith-Midland's uplisting to The NASDAQ Capital Market is an important step in our journey to help facilitate our next phase of growth and to increase long-term shareholder value," stated Chief Executive Officer and President, Ashley Smith. "Since inception in 1960, our expansion and diversification of products has continuously evolved as we leverage creative problem solving, engineering and expert craftsmanship in our designs. We are humbled by this monumental achievement, and remain committed to innovation, quality and service as the cornerstones of our business. I want to thank our dedicated team members and our shareholders for their support in our process to increase long-term shareholder value."

"NASDAQ is the ideal platform for the continued growth of Smith-Midland," said Chief Financial Officer, AJ Krick. "The benefits of uplisting include broadening our universe of potential shareholders, enhanced visibility within the investment community, and the opportunity to increase liquidity of the stock."

About Smith-Midland Corporation
Smith-Midland develops, manufactures, licenses, rents and sells a broad array of precast concrete products, services, and systems for use primarily in the construction, transportation and utilities industries. Management and the board own approximately 17.5 percent of SMID stock, aligning with shareholder values. More information is available at www.smithmidland.com

Forward-Looking Statements

This announcement contains forward-looking statements, which involve risks and uncertainties. The Company's actual results may differ significantly from the results discussed in the forward-looking statements. Factors which might cause such a difference include, but are not limited to, the risk that the COVID-19 outbreak may adversely affect future operations, product demand, the impact of competitive products and pricing, capacity and supply constraints or difficulties, general business and economic conditions, our debt exposure, the effect of the Company's accounting policies and other risks detailed in the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.

Contacts:

Smith-Midland Corp.

AJ Krick, CFO
540-439-3266
investors@smithmidland.com

Three Part Advisors

Steven Hooser or Deidra Roy
214-872-2710
shooser@threepa.com; droy@threepa.com

SOURCE: Smith-Midland Corporation



View source version on accesswire.com:
https://www.accesswire.com/616317/Smith-Midland-Uplisting-to-The-NASDAQ-Capital-Market

Smith-Midland Corporation

NASDAQ:SMID

SMID Rankings

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SMID Stock Data

197.15M
4.41M
15.32%
49.96%
1.41%
Other Crushed and Broken Stone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
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United States of America
MIDLAND

About SMID

over 50 years of innovation in precast concrete! the smith-midland corporation entered the marketplace in 1960 as the smith cattleguard company. from the beginning we provided innovative, high quality precast concrete products backed by superior service. although the name has changed and the products we offer have increased ten-fold, we have never deviated from the standards on which our success was built -innovation, quality and service. that’s what we mean by excellence in precast concrete, and we welcome the opportunity to share that excellence with you. over the years, we have added a full line of products. • custom precast products • easi-set buildings • slenderwall cladding • architectural precast • sound/retaining wall • barrier control • beach restoration • agricultural • utility • wash racks your project partner ... from conception through completion, smith-midland will be there with the experience and dedication to offer the level of service your project requires. smith-midla