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ADVANCED PHOTONIX, INC. LISTS ON THE AMERICAN STOCK EXCHANGE; COMPANY PREVIOUSLY TRADED ON THE EMERGING COMPANY MARKETPLACE

 NEW YORK, Dec. 30 /PRNewswire/ -- The American Stock Exchange today announced that Advanced Photonix, Inc., of Camarillo, Calif., began trading its common shares on the Exchange's primary list. Advanced Photonix had been trading on the Emerging Company Marketplace since March, 1992.
 Trading under ticker symbol "API", Advanced Photonix's common stock opened at 9:30 a.m. at 5 3/4. GHM, Inc. remains as the company's specialist firm.
 Thomas T. Lewis, president & chief executive officer of Advanced Photonix, Inc. said, "As a young company in a developing field we are very pleased that our performance and accomplishments have permitted Advanced Photonix to graduate to the Amex primary list from the Emerging Company Marketplace. This move represents a new plateau in the maturity of our company, expanded visibility in the business community and an exciting platform for growth."
 Advanced Photonix, Inc. develops, manufactures and markets solid state photodetector devices and related electronics from its Camarillo facility. The company's products include a line of solid state silicon Avalanche Photodetectors (APDs), designed to provide an alternative to standard photomultipliers. Such products have a variety of applications and are currently utilized in the fields of medical imaging and defense.
 The American Stock Exchange is committed to becoming the recognized, premier marketplace for growth companies and derivative securities. By responding to listed company needs and initiating quality services, the Amex finds innovative ways to add value to the expanding community of companies and investors it serves.
 -0- 12/30/92
 /CONTACT: Melissa Grand, manager-equities communications of American Stock Exchange, 212-306-1635/
 (API)


CO: Advance Photonix, Inc. ST: California IN: CPR SU:

SM -- NY028 -- 0628 12/30/92 13:12 EST
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Publication:PR Newswire
Date:Dec 30, 1992
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