Alliance Gaming to Trade on Nasdaq SmallCap Market.LAS VEGAS--(BUSINESS WIRE)--March 16, 1999--Alliance Gaming Corp. (Nasdaq:ALLY) Tuesday announced that Nasdaq has informed the company that it will begin trading on the SmallCap Market effective March 17, 1999. The move from the National Market System is due to the company's common stock not trading at $5 or above on a consistent basis. "While we are disappointed by Nasdaq's action, we are pleased that our stock will continue to trade on the Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. ," stated Morry Goldstein, president and chief executive officer. "As we announced last week, we continue to make progress on our business plan which includes cash flow strength in all of our operating units operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon . We remain confident that we will meet or exceed analysts' earnings estimates for the third quarter." Alliance Gaming Alliance Gaming NYSE: AGI is a Las Vegas, Nevada based manufacturer of slot machines and casino management software. History On June 18, 1996 merged with Bally Gaming International. is a diversified gaming company with headquarters in Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. , Nevada. The company is engaged primarily in the design, manufacture and distribution of advanced gaming machines and systems worldwide and is the nation's largest gaming machine route operator and operates two regional casinos. Additional information about the company can be found on the Alliance Gaming Web site at: http://www.ally.com. This news release may contain "forward-looking" statements within the meaning of the Securities Act of 1934, as amended, and is subject to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. created thereby. Such information involves important risks and uncertainties that could significantly affect the results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Future operating results may be adversely affected as a result of a number of risks detailed from time to time in the company's filings with the Securities and Exchange Commission. |
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