A.C. Moore Announces 2-For-1 Stock Split.Business Editors A.C. Moore Arts & Crafts, Inc. (Nasdaq:ACMR ACMR Air Combat Maneuvering Range ACMR Airspace Control Measure Request ACMR Annual Cost Monitoring Report ACMR Advanced Computer for Medical Research ACMR Aircraft Configuration Management Review (USAF) ACMR Asymmetrical Compact Microstrip Resonator ) today announced that the Company's Board of Directors has approved a two-for-one stock split to be paid on July 31, 2002, to shareholders of record as of July 15, 2002. As a result of the split, the number of outstanding shares of common stock will increase from approximately 9.4 million to approximately 18.7 million. Jack Parker This article is about the American ice hockey player and coach. For the English cricketer, see Jack Parker (cricketer). Jack Parker (born March 11, 1945 in Somerville, Massachusetts) is the current head coach of the Boston University Terriers men's ice hockey team. , Chief Executive Officer, commented, "The decision by our Board to split the stock reflects our ongoing commitment to maximizing shareholder value and underscores the continued confidence in our long-term growth prospects. Furthermore, the split should make our shares more attractive to a wider range of investors and enhance the liquidity of the stock." A.C. Moore operates arts and crafts arts and crafts, term for that general field of applied design in which hand fabrication is dominant. The term was coined in England in the late 19th cent. as a label for the then-current movement directed toward the revivifying of the decorative arts. stores that offer a vast selection of arts, crafts and floral flo·ral adj. Of, relating to, or suggestive of a flower: a fabric with a floral pattern. flo merchandise for a wide range of customers. The Company operates 65 stores in the eastern United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Certain statements contained herein which are not historical facts are forward looking statements that involve risks and uncertainties, including, but not limited to, customer demand and trends in the arts and crafts industry, related inventory risks due to shifts in customer demand, the effect of economic conditions, the impact of competitors' locations or pricing, the availability of acceptable locations for new stores, difficulties with respect to new information system technologies, supply constraints CONSTRAINTS - A language for solving constraints using value inference. ["CONSTRAINTS: A Language for Expressing Almost-Hierarchical Descriptions", G.J. Sussman et al, Artif Intell 14(1):1-39 (Aug 1980)]. or difficulties, the results of financing efforts, the effectiveness of advertising strategies and other risks detailed in the Company's Securities and Exchange Commission filings. |
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