|
A National Market Listing by NASDAQ for Pemco Aviation Group BIRMINGHAM, Ala., Jan 8, 2001 (BUSINESS WIRE) -- Pemco Aviation Group, Inc. (NASDAQ: PAGI chart, msgs) announced today that the company has been moved back to the national market listing by NASDAQ. Showing the company`s increasing strength in the industry and marketplace, the company has been moved from the small cap NASDAQ listing to the national market listing. Pemco`s Chairman of the Board, Michael E. Tennenbaum, stated, "This recognition by NASDAQ reflects the successful implementation of the plans that we set in place last January, and this positive feedback is encouraging. We have worked hard over the last year and we have high expectations for 2001 and beyond." The NASDAQ Stock Market has two tiers, the NASDAQ National Market and the NASDAQ SmallCap Market. Each tier has its own set of financial requirements that a company must meet to list its securities. In addition, all listed companies are required to meet certain standards of corporate governance. Finally, each market tier has a set of financial requirements that a company must meet for continued listing. Ron Aramini, President and Chief Executive Officer, stated, "When the new Pemco Aviation Group was unveiled at the beginning of last year, we began a new direction for our company. While we are excited and encouraged by the announcement from NASDAQ, we are not surprised. With the major announcements the company has made over the last year, including contract extensions and partnership agreements, we are confident that Pemco will continue to set the course for growth and expansion in our industry." Pemco made several announcements over the course of the previous year concerning the company`s growth, including a government contract increase for Fiscal Year 2000 as well as a contract extension for FY 2001, additional commercial contracts and an exclusive partnership agreement for commercial to cargo aircraft conversion kits. Pemco Aviation Group, Inc., with executive offices in Birmingham, Alabama, and facilities in Alabama and California performs maintenance and modification of aircraft for the U.S. Government and foreign and domestic commercial customers. The Company also provides aircraft parts and support and engineering services and develops and manufactures aircraft cargo systems, rocket vehicles and control systems, and precision springs and components. Contact: http://www.siliconinvestor.com/research/story.gsp?id=1182501… |
|
| aus der Diskussion: | TBU-Nasdaq-Resplitt ??? |
| Autor (Datum des Eintrages): | mis (18.01.01 12:49:59) |
| Beitrag: | 34 von 484 (ID:2722188) |
| Alle Angaben ohne Gewähr © wallstreetONLINE | |