Exhibit 99.1
Subject: Changes to the NASDAQ pricing structure add value to your listing
At NASDAQ, we strongly believe that your annual listing fee should represent more than just inclusion in a stock market -- it should provide tangible value back to your company and your shareholders. With this in mind, NASDAQ is redefining the listing product to include a package of issuer benefits, previously not included as part of the annual listing fee. These products assist our listed companies with compliance, shareholder communications and visibility objectives. To support this initiative, NASDAQ has proposed a new pricing structure reflecting the addition of these products and services at a significant price advantage for NASDAQ-listed companies.
Below are the proposed annual fee schedules for The NASDAQ Global and NASDAQ Global Select Markets and The NASDAQ Capital Market. These proposed fees are for 2007 and subject to SEC approval. I look forward to sharing the details of the new package of products and services with you in the near future. Please contact your NASDAQ Relationship Manager if you have any questions.
Sincerely,
/s/ Bruce Aust
Bruce Aust
Executive Vice President
NASDAQ Corporate Client Group
Proposed 2007 Annual Fee Schedule for The NASDAQ Global and NASDAQ Global Select Markets
TOTAL SHARES OUTSTANDING | PROPOSED ANNUAL FEE |
Up to 10,000,000 | $30,000 |
10,000,001 to 25,000,000 | $35,000 |
25,000,001 to 50,000,000 | $37,500 |
50,000,001 to 75,000,000 | $45,000 |
75,000,001 to 100,000,000 | $65,500 |
100,000,001 to 150,000,000 | $85,000 |
Over 150,000,001 | $95,000 |
Proposed 2007 Annual Fee Schedule for The NASDAQ Capital Market
TOTAL SHARES OUTSTANDING | PROPOSED ANNUAL FEE |
All TSO | $27,500 |
Proposed 2007 LAS Fees
Listing of Additional Shares | $5000 or $.01 per additional shares (whichever is higher with a maximum of $65,000) |
Maximum annual fee | $65,000 |
