Insteel Industries, Inc. has filed an application with The NASDAQ Stock Market, Inc. to make its common stock eligible for quotation on the NASDAQ National Market System.

The application process is currently expected to be completed in six to eight weeks.

Following the anticipated approval by NASDAQ, the company's common stock would continue to be quoted under the symbol "IIIN." During the period the application is under review, Insteel's common stock will continue to trade on the OTC Bulletin Board under its current symbol "IIIN."

There can be no assurance as to the timing of any NASDAQ action with respect to the company's application or that the company's common stock will ultimately become eligible for quotation on the NASDAQ NMS.

Insteel Industries is one of the nation's leading manufacturers of wire products. The company manufactures and markets concrete reinforcing and industrial wire products for a broad range of construction and industrial applications.