NASDAQ STOCK SYMBOL TO CHANGE BACK TO “MDCA”
Toronto, Canada, July 29, 2005 – MDC Partners Inc. (the “Company”) completed and filed its Sarbanes-Oxley Section 404 report on internal controls over financial reporting, as part of a Form 10-K/A filed with the Securities and Exchange Commission on July 26, 2005.
The Company is now in compliance with all filing requirements with the Securities and Exchange Commission and all NASDAQ listing requirements. Therefore, NASDAQ will remove the fifth character “E” from the Company’s NASDAQ trading symbol, effective Monday, August 1, 2005, and the Company is no longer subject to delisting from The Nasdaq Stock Market.
About MDC Partners
MDC Partners is a leading provider of marketing communications services, and secure transaction products and services, to clients in the North America, Europe, Australia and Latin America. Through its partnership of entrepreneurial firms, its Marketing Communications Group provides advertising and specialized communication services to leading brands. The Secure Products Group provides security products and services in three primary areas including electronic transaction products, secure ticketing products and stamps. MDC Partners Class A shares are publicly traded on the Toronto Stock Exchange under the symbol “MDZ.SV.A” and on the NASDAQ under the symbol “MDCA”.
This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve risks and uncertainties which may cause the actual results or objectives to be materially different from those expressed or implied by such forward-looking statements. Such factors include, among other things, the Company’s financial performance; changes in the competitive environment; adverse changes in the economy; ability to maintain long-term relationships with customers; financing requirements; risks arising from material weaknesses in internal control over financial reporting; and other factors set forth in the Company’s Form 10-K for its fiscal year ended December 31, 2004 and subsequent SEC filings.