James Wang, chief executive officer of SmartHeat, commented: Meeting the more stringent requirements for a NASDAQ Global Market listing is representative of the initial step SmartHeat has taken in building greater corporate value. Our listing on the NASDAQ Global Market can potentially attract a much broader range of individual and institutional investors. We look forward to the greater market exposure and the opportunity to share our energy savings business with the investment community through solid earnings growth in a favorable market environment for our products and services.