American Corporate Investors, Inc. Changes Name to Ramoil Management Ltd. and Trades Under New Ticker 'Ramo'.Business Editors BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.--(BUSINESS WIRE)--Feb. 4, 2000 American Corporate Investors, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:ACTK) today announced that the Company has changed its name, pending shareholder approval, to RAMOIL Management Ltd. and is trading under a new ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors (OTC BB:RAMO). The Company believes that the new name and ticker better reflect the Company's strategic focus of capitalizing on opportunities in Europe and the Middle East, where its founders and key vendors possess significant project opportunities for which RAMOIL possesses the necessary licensing and sponsorship agreements. Additionally, the Company's operating subsidiaries, under the Ramoil Management Company, Ramoil Middle East Acquisitions and Ramoil Engineering, S.P.A. are well-established with name recognition firmly in place. 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. Statement: All statements other than statements of historical fact included in this press release are forward-looking statements. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors listed in the Company's Form-10QSB QSB Fading QSB Qualified Small Business (IRS category) QSB Queen Street Backpackers (Auckland, New Zealand) QSB Quality System Basics QSB Qualified Supplemental Benefit QSB Quantum Singleton Bound . |
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