DENVER, Sep 25, 2008 (BUSINESS WIRE) -- Allied Motion Technologies Inc. (NASDAQ: AMOT) today announced trading of its shares will be moved from the Nasdaq Capital Market to the Nasdaq Global Market effective with the open of business today. The Company's common stock will continue trading under its current symbol -- AMOT. In order to qualify for a move to the Global Market the Company was required to meet a minimum $5 bid price, $15 million in Stockholders' Equity, pretax income in excess of $1 million, and at least 1.1 million publicly held shares with a minimum market value of $8 million, among other criteria.

The Company previously announced that it was added to the Russell Microcap Index after the Russell Investment Group reconstituted its comprehensive set of U.S. and global equity indexes on June 27, 2008. Russell indexes are widely used by investment managers and institutional investors for both index funds and as benchmarks for passive and active investment strategies. The Russell Microcap Index measures the performance of the microcap segment of the U.S. equity market.

"We are pleased with our move to the Nasdaq Global Market," said Dick Smith, CEO of Allied Motion. "Being able to meet the requirements to qualify for listing on the Nasdaq Global Market is a true testament to our positive momentum. Revenues and profits have improved as we continue to execute our strategy that is building the foundation necessary to achieve our long-term goals for growth," added Dick Smith. "We expect our move to the Nasdaq Global Market and our inclusion in the Russell Index will enhance our visibility among institutional and other investors."

Headquartered in Denver, Colorado, Allied Motion designs, manufactures and sells motion control products into applications that serve many industry sectors. Allied Motion is a leading supplier of precision and specialty motion control components and systems to a broad spectrum of customers throughout the world.

The statements in this press release that relate to future plans, events or performance are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, any statements that may predict, forecast, indicate, or imply future results, performance, or achievements. Forward-looking statements involve known and unknown risks and uncertainties, including the risks and uncertainties detailed from time to time in the Company's SEC filings, that may cause actual results of the Company to differ materially from the forward-looking statements. The risks and uncertainties include international, national and local general business and economic conditions in the Company's motion markets, introduction of new technologies, products and competitors, the ability to protect the Company's intellectual property, the ability of the Company to sustain, manage or forecast its growth and product acceptance, success of new corporation strategies and implementation of defined critical issues designed for growth and improvement in profits, the continued success of the Company's customers to allow the Company to realize revenues from its order backlog and to support the Company's expected delivery schedules, the continued viability of the Company's customers and their ability to adapt to changing technology and product demand, the ability of the Company to meet the technical specifications of its customers, the continued availability of parts and components, increased competition and changes in competitor responses to the Company's products and services, changes in government regulations, availability of financing, the ability of the Company's lenders and financial institutions to provide additional funds if needed for operations or for making future acquisitions or the ability of the Company to obtain alternate financing if present sources of financing are terminated, the ability to attract and retain qualified personnel who can design new applications and products for the motion industry, the ability of the Company to identify and consummate favorable acquisitions to support external growth and new technology, and the ability of the Company to control costs for the purpose of improving profitability. The Company's ability to compete in this market depends upon its capacity to anticipate the need for new products, and to continue to design and market those products to meet customers' needs in a competitive world. Actual results, events and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements as a prediction of actual results. The Company has no obligation or intent to release publicly any revisions to any forward-looking statements, whether as a result of new information, future events, or otherwise.

SOURCE: Allied Motion Technologies Inc.

Allied Motion Technologies Inc. 
Richard Smith, 303 799-8520 
or 
Sue Chiarmonte, 303-799-8520 
Fax: 303-799-8521