Trading to begin on Monday, December 8, 2014

BURLINGTON, MA, December  8, 2014 – Avid (OTC: AVID) today announced that it has received approval to list its common stock on The NASDAQ Stock Market, LLC effective with the open of trading on Monday, December 8, 2014.  The Company will continue to trade under the symbol AVID.

“We are pleased that Avid stock will once again trade on the NASDAQ,” said John Frederick, Executive Vice President, Chief Financial and Administrative Officer of Avid. “We believe this milestone offers current and future Avid shareholders an exciting opportunity to share in the success of our business through improved access to our common stock. We look forward to generating sustainable, profitable growth as we continue to execute on our plan to unlock the full potential of Avid.”