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AGP AND COMPANY LISTED ON NASDAQ

 AGP AND COMPANY LISTED ON NASDAQ
 NEW YORK, Oct. 13 /PRNewswire/ -- AGP and Company, Inc.,


(NASDAQ: AGPCD) located at 650 Fifth Avenue, New York, New York 10019, has been listed on the NASDAQ SMALL CAP MARKET under the symbol AGPCD.
 On Oct. 5, 1992, the board of directors of AGP and Company, Inc. approved a resolution to exchange all of the presently issued and outstanding shares of common stock for shares of common stock, in the ratio of 3 shares of present common stock for 1 share of new common stock; the company, after the reverse stock split, has issued and outstanding 1,918,656 shares. The reverse split was effective on the opening of business Oct. 9, 1992. All fractional shares shall be paid at the bid price as shown on the close of business Oct. 8, 1992 and payment shall be issued as exchanges of shares are processed. The Trust Company of New Jersey, Jersey City, N.J. the company's transfer agent has been appointed to act as exchange agent.
 The Certificate of Incorporation will be amended and the total number of authorized shares shall be reduced from 19,999,000 shares to 6,666,333 shares.
 The company operates as a merchant banking firm that owns Dynasound Organizer, Inc. which designs, manufactures and distributes storage cases for audio and video cassettes, compact discs, computer diskettes, video games and other related products, and owns Asset Growth Partners, Inc., which provides investment banking services to mid-market businesses.
 -0- 10/13/92
 /CONTACT: Steven W. Bingaman, president or Joseph Drucker, co-chairman, of AGP and Company, Inc., 212-246-6370/
 (AGPC) CO: AGP and Company, Inc. ST: New York IN: FIN SU:


TS-KW -- NY050 -- 9510 10/13/92 16:42 EDT
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Oct 13, 1992
Words:288
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