OCZ Technology Group, Inc. Trades Public Shares on NASDAQ Stock Market

NASDAQ Stock Exchange Trades Share Under OCZ Ticker

On 23 April 2010, OCZ Technology Group, Inc. stopped trading shares on the OTC Bulletin Board and began trading on the United States NASDAQ stock exchange (NASDAQ:OCZ) with an opening price of $4.70 per share.

OCZ Technology Group, Inc. first announced that $15.4-million had been raised with Institutional Investors through Private Transactions, which enabled them to list stock on the OTC Bulletin Board (OTCBB) using symbol OCZT. Company stock share value steadily declined from $6.25 per share on 10 February 2010, until the OTC Bulletin Board stopped trading OCZT on 22 April 2010 with a final value of $4.50.

Since the initial public debut, NASDAQ:OCZ share prices have declined to $4.05 per share as of 03 May 2010. During the first week of public trading on the NASDAQ stock exchange, Ryan Petersen, OCZ's Chief Executive Officer, sold nearly $17,000 of personal stock as disclosed by insider trading reports.

OCZ Technology Group, Inc. (NASDAQ:OCZ), a leader in high performance and reliable memory and flash-based storage as an alternative to hard disk drives (HDDs), has closed $15.45 million in funding in order to support its growing solid state drive (SSD) business.

"Over the course of the last few years, we have met the demand for a better storage option head-on, by delivering high performance solid state disk drives to a wide array of customer's globally" said Ryan Petersen, President and Chief Executive Officer of OCZ Technology Group. "This round of funding will enable OCZ to continue its growth in SSDs and accelerate the development of next-generation solutions."

Mr. Petersen further commented, "We believe that OCZ is well-positioned to advance the deployment of flash-based storage solutions. OCZ will continue to design, develop and implement SSD technology with its current base of over 300 customers while opening up new markets through targeting enterprise and OEM customers seeking to adopt flash media as primary storage."

Mr. Petersen concluded, "We very much appreciate the efforts of Merriman who recognized the potential in our markets, understood the intrinsic value in OCZ and worked closely with us to bring this transaction to a successful conclusion."

About OCZ Technology Group, Inc.

Founded in 2002, San Jose, CA-based OCZ Technology Group, Inc. ("OCZ"), is a leader in the design, manufacturing, and distribution of high performance and reliable Solid State Drives (SSDs) and premium computer components. OCZ has built on its expertise in high-speed memory to become a leader in the SSD market, a technology that competes with traditional rotating magnetic hard disk drives (HDDs). SSDs are faster, more reliable, generate less heat and use significantly less power than the HDDs used in the majority of computers today. In addition to SSD technology, OCZ also offers high performance components for computing devices and systems, including enterprise-class power management products as well leading-edge computer gaming solutions. For more information, please visit: www.ocztechnology.com.

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