ABR Information Services announces stock split.PALM HARBOR, Fla.--(BUSINESS WIRE)--June 13, 1995--ABR Information Services See Information Systems. , Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ABRX) today declared a three for two stock split payable July July: see month. 13, 1995 to stockholders of record at the close of business on June June: see month. 22, 1995. ABR (1) (AutoBaud Rate detect) The analysis of the first characters of a message to determine its transmission speed and number of start and stop bits. (2) (Available Bit R did an Initial Public Offering in May of 1994. The stock has tripled from $9.75 per share to $29 1/8 as of Friday, June 9, 1995. The Company has reported five consecutive quarters of record revenues and profits. Mr. James E. MacDougald, ABR's Chairman and Chief Executive Officer, stated, "We had a very successful first year as a public company, and we are pleased to have this opportunity to reward our shareholders." Vincent Addonisio, ABR's Senior Vice President and Chief Financial Officer, commented that "This split reflects the Company's desire to make the stock more accessible to a broader base of investors. The stock split will increase the outstanding shares by 2.2 million shares to 6.6 million, allowing us to broaden our shareholder base." CONTACT: ABR Information Services, Inc. Vincent Addonisio, 813/785-2819 |
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