ADDING and REPLACING OOK Advisors Launches First Oklahoma-Based Exchange-Traded Fund.OKLAHOMA CITY -- Add to contact information: For investment inquiries, Gary Pinkston, 405-235-5700 gpinkston@capitalwest.com The corrected release reads: OOK ADVISORS LAUNCHES FIRST OKLAHOMA-BASED EXCHANGE-TRADED FUND OOK Advisors, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , announced today the launch of the Oklahoma Exchange-Traded Fund (OOK), which invests in a portfolio of securities that represents a benchmark index of publicly traded, Oklahoma-based companies. OOK trades on the NYSE Arca with the symbol "OOK." "This fund is one of the first of its kind," said Keith Geary, chairman of OOK Advisors. "Investors now have a vehicle to invest in several Oklahoma-based public companies all at once through OOK." OOK is based on the SPADE Oklahoma Index, a modified market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. weighted index that seeks to measure the performance of publicly traded companies that are headquartered in or have significant operations in Oklahoma. As of Sept. 30, 2009, the SPADE Oklahoma Index weightings include 67.57 percent energy (drilling, exploration, pipeline and oil and gas), 13.58 percent utilities, 7.53 percent finance, 4.94 percent coal energy and the remaining percentage includes companies within industrials, services and food and consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and classifications. "This fund reflects the values and growth of Oklahoma businesses," said Larry Nichols, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Devon Energy Corporation. Devon is one of 29 companies included in OOK. "We are pleased that our success and the success of other companies in Oklahoma could be reflected as one of the nation's first state-based exchange-traded funds." At least 10 percent of the OOK management fees will go to support Aaron's Bridge, an Oklahoma nonprofit organization Nonprofit Organization An association that is given tax-free status. Donations to a non-profit organization are often tax deductible as well. Notes: Examples of non-profit organizations are charities, hospitals and schools. working to establish and provide more treatment options in Oklahoma and Texas for children with developmental disabilities developmental disabilities (DD), n.pl the pathologic conditions that have their origin in the embryology and growth and development of an individual. DDs usually appear clinically before 18 years of age. , including Autism autism (ô`tĭzəm), developmental disability resulting from a neurological disorder that affects the normal functioning of the brain. It is characterized by the abnormal development of communication skills, social skills, and reasoning. Spectrum Disorder. For more information about OOK, visit www.ooketf.com. Investors should consider the investment objectives, risks, charges and expenses of OOK, Inc. carefully before investing. This and other important information about OOK, Inc. can be found in its prospectus. To obtain a copy of OOK, Inc.'s prospectus, please call (405) 235-5757 or visit OOK, Inc.'s Web site at www.OOKetf.com. Please read the prospectus carefully before investing. OOK ETF ETF See Exchange Traded Fund. ETF See exchange-traded fund (ETF). is a brand new product with limited operating history. OOK ETF is distributed by ALPS Alps, great mountain system of S central Europe, c.500 mi (800 km) long and c.100 mi (160 km) wide, curving in a great arc from the Riviera coast on the Mediterranean Sea, along the borders of N Italy and adjacent regions of SE France, Switzerland, SW Germany, and Distributors, Inc. Because OOK ETF will invest substantially all of its assets in the securities of companies that have their headquarters or principal place of business located in Oklahoma or that generate a significant portion of their revenues in Oklahoma, OOK ETF will be subject to greater volatility as a result of the events and conditions affecting Oklahoma, to a greater extent than an ETF that did not focus its investments in this manner. An investment in the OOK ETF involves risks, including loss of principle. Holdings are subject to change. |
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