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21 COMPANIES FROM 14 STATES REPRESENTING DIVERSE INDUSTRIES TO TRADE ON EMERGING COMPANY MARKETPLACE AT THE AMERICAN STOCK EXCHANGE ON MARCH 18

21 COMPANIES FROM 14 STATES REPRESENTING DIVERSE INDUSTRIES TO TRADE ON EMERGING COMPANY MARKETPLACE AT THE AMERICAN STOCK EXCHANGE ON MARCH 18
 NEW YORK, March 13 /PRNewswire/ -- Twenty-one companies from 14 states, representing industries ranging from outpatient cancer treatment centers to simulator training systems for the petroleum and construction industry, will commence trading March 18 on the new Emerging Company Marketplace(SM) (ECM)(SM) at the American Stock Exchange.
 The names of the charter companies on the ECM were unveiled today by American Stock Exchange Chairman James R. Jones. They are:
 -- Advanced Photonix, Inc. of Los Angeles; develops advanced solid state silicon photodetection devices.
 -- Alta Energy Corporation of Midland, Texas; explores for and produces oil and gas.
 -- American Pacific Mint, Inc. of Woodland Hills, Calif.; sells jewelry and bullion products, through its subsidiary, to both retail and wholesale customers.
 -- AUDRE Recognition Systems Inc. of San Diego; manufactures software that identifies information from scanned images.
 -- Cancer Treatment Holdings, Inc. of Fort Lauderdale, Fla.; operates outpatient radiation therapy treatment centers.
 -- Colonial Data Technologies Corp. of New Milford, Conn.; makes calling number identification displays and other telecommunications equipment.
 -- Digitran Systems, Inc. of Logan, Utah, makes simulator training systems for the petroleum industry and for crane operations.
 -- Intertel Communications Inc. of Denver; provides telecommunications services through a teleport in the Denver area.
 -- Ion Laser Technology, Inc. of Salt Lake City; makes of low-power, air-cooled lasers for research and industrial use.
 -- Media Logic, Inc. of Plainville, Mass.; makes high-precision, computer-based test equipment.
 -- Medphone Corporation of Paramus, N.J.; develops medical products that provide remote diagnosis and treatment via the telephone.
 -- North Coast Energy, Inc. of Bedford Heights, Ohio; an independent oil and gas company.
 -- Ocean Optique Distributors, Inc. of Miami; imports and distributes eyeglass frames and fashion wear sunglasses.
 -- PNF Industries, Inc. of Upper Saddle River, N.J.; offers customers, through subsidiaries, cellular telephone service.
 -- Printron, Inc. of Albuquerque, N.M.; develops pollution-free methods for the rapid manufacture of printed circuit boards.
 -- Professional Dental Technologies, Inc. of Batesville, Ark.; makes dental equipment and instruments used both in the dental office and at home.
 -- Randers Group Incorporated of Norton Shores, Mich.; provides development and construction services, primarily to the chemical and process industries.
 -- Three Five Systems, Inc., of Phoenix, Ariz.; makes light emitting diodes for a variety of measuring and control systems.
 -- Top Source, Inc. of Palm Beach Gardens, Fla.; develops automotive technology, serving as conduit between inventors and original equipment manufacturers and the aftermarket.
 -- Topox, Inc. of Orangeburg, N.Y.; develops and markets medical products and related disposable supplies.
 -- Unique Mobility, Inc. of Englewood, Colo.; engages in research and development of electric power motor technology.
 "These companies represent a cross section of the growth companies that provide the economic vitality and create the bulk of the new jobs in this nation," said Jones. "Just the fact that these companies met the ECM numerical criteria did not, by any means, guarantee them an ECM listing. They also had to go through a qualitative screening process by a blue-ribbon committee that evaluated the company's long-term growth potential and investor interest."
 The panel, which is still reviewing other ECM applicant companies, consists of highly-ranked industry analysts, portfolio managers and professional traders.
 Richard C. Breeden, chairman of the Securities and Exchange Commission, will sound the opening bell for the new market on March 18. Prior to the bell ceremony, Breeden will join Jones and chief executive officers of the ECM companies at a breakfast press conference.
 The Emerging Company Marketplace offers the benefits of the auction market -- coupled with the exchange's unique programs and services -- to companies that don't currently meet the exchange's regular listing standards.
 "Through increased visibility in the financial community and narrower quotation spreads than they might encounter in the dealer market, these companies should enhance their opportunities to raise capital needed to expand without adding to their debt burden. We expect these companies will be able to grow and eventually achieve full listing status on the American Stock Exchange," Jones said.
 ECM companies will trade on the Amex trading floor, and will be subject to the same trading and investor protection rules as regular Amex-listed securities.
 -0- 3/13/92
 /CONTACT: Sarah Luke, 212-306-1650, or Bob Shabazian, 212-306-1630, both of the American Stock Exchange/ CO: American Stock Exchange ST: New York IN: FIN SU: PDT


CK -- NY027 -- 7770 03/13/92 11:47 EST
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Date:Mar 13, 1992
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