American Educational Products Inc. announces one-for-five reverse split.BOULDER Boulder, city, United States Boulder, city (1990 pop. 83,312), seat of Boulder co., N central Colo.; inc. 1871. A Rocky Mountain resort and a suburb of Denver, it is the seat of the Univ. of Colorado (1876). , Colo.--(BUSINESS WIRE)--April 21, 1997--American Educational Products Inc. (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 :AMEP AMEP Adult Migrant English Program AMEP African Middle East Petroleum Co. AMEP Asymptotic Multi-User Error Probability AMEP Association for Medical Education in Pakistan AMEP Automated Missile Engagement Planner ) announced today that it will effect a one-for-five (1-for-5) reverse split of its securities pursuant to the prior authorization prior authorization, n See predetermination. prior authorization Health insurance A cost containment measure that provides full payment of health benefits only if the hospitalization or medical treatment has been of its shareholders and board of directors. The one-for-five reverse split will be effective at the opening of trading on Tuesday, April 22, 1997. Giving effect to the reverse split, the number of shares of the company's common stock which will be issued and outstanding will be reduced to approximately 918,000 shares. The par value of the company's common stock will also be changed from $.01 to $.05 per share. For a period of twenty (20) days following the effective date of the reverse, the company's NASDAQ trading symbol Trading symbol See: Ticker symbol of AMEP will have an additional "D" to indicate the change in the security. Clifford C. Thygesen, president of the company, stated, "It is our hope that the reverse split will increase the interest of the investment community in the company as an investment opportunity." CONTACT: American Educational Products Inc. Clifford C. Thygesen, 303/543-0123 |
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