AmNet Mortgage, Inc. is Moving to the Nasdaq National Market System under Symbol 'AMNT'.SAN DIEGO -- AmNet Mortgage, Inc. (AMEX AMEX See: American Stock Exchange :INV INV abbr. in vitro fertilization ), the parent company of American Mortgage Network (AmNet), a wholesale mortgage bank serving mortgage brokers nationwide, today announced the move of its common stock listing to the 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 National Market System from the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. (AMEX). The Company's common stock will begin trading on NASDAQ under its new symbol, AMNT, on September 29, 2004. INV shares will continue trading on AMEX until the move is completed on September 29, 2004. Commenting on the move to NASDAQ, John M. Robbins, Chief Executive Officer, said, "American Mortgage Network, the primary subsidiary of AmNet Mortgage, Inc., is a young, dynamic organization with a bright future. This milestone is a testament to our financial strength and strong value proposition. We believe that we will gain greater visibility for our Company's stock on NASDAQ and attract a broader range of investors." About AmNet Mortgage, Inc. AmNet Mortgage, Inc. is the parent company of American Mortgage Network. For more information, please visit www.amnetmortgageinc.com. About American Mortgage Network Headquartered in San Diego, California “San Diego” redirects here. For other uses, see San Diego (disambiguation). San Diego is a coastal Southern California city located in the southwestern corner of the continental United States. As of 2006, the city has a population of 1,256,951. , AmNet is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of AmNet Mortgage, Inc. AmNet originates loans for the national mortgage broker community through its network of branches and business-to-business over the Internet. AmNet has loan production offices in Arizona, California, Colorado, Connecticut, Florida, Georgia, Illinois, Minnesota, Nevada, New Jersey, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , North Carolina, Ohio, Oregon, Rhode Island, Texas, Virginia, and Washington. AmNet has a total of $1.4 billion in warehouse borrowing capacity and is approved to do business in 49 states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). either by license or exemption. AmNet has approximately 5,000 approved broker customers across the nation. For more information, please visit www.amnetmortgage.com. FORWARD-LOOKING STATEMENT Certain matters discussed in this press release may constitute forward-looking statements within the meaning of federal securities laws. Forward-looking statements include statements regarding the timing of the Company's planned move to the NASDAQ National Market System and the Company's belief that the move will give its stock greater visibility and will attract a broader range of investors. Actual results and the timing of certain events could also differ materially from those projected in or contemplated by our forward-looking statements due to a number of other factors, including but not limited to: the level of interest rates generally; economic conditions generally; interest rate volatility; and other risk factors outlined in the Company's SEC reports. |
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