American Oncology Resources announces 2-for-1 stock split.HOUSTON--(BUSINESS WIRE)--May 17, 1996--American Oncology oncology /on·col·o·gy/ (ong-kol´ah-je) the sum of knowledge regarding tumors; the study of tumors. on·col·o·gy n. Resources (Nasdaq:AORI AORI Airfield Obstruction Reduction Initiative ) today announced that its Board of Directors has approved a 2-for-1 stock split to be effected as a 100% stock dividend. The new shares will be distributed on June 10, 1996, to stockholders of record at the close of business on May 31, 1996. "Since our initial public offering in June 1995, AOR AOR The ISO 4217 currency code for Angolan Reajustado Kwanza. has successfully developed and expanded its oncology network to include 183 premier oncologists in 15 states nationwide. The Company has demonstrated revenue and earnings growth during this period and management is optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op about the future. The stock split is expected to further increase the liquidity in AOR's public stock," commented R. Dale Ross, Chief Executive Officer. American Oncology Resources is a national physician practice management company focusing exclusively on oncology. The Company currently provides comprehensive management services under management agreements including practice operations, practice development, marketing, facility development, managed care contracting and information systems management. CONTACT: American Oncology Resources,Inc. L. Fred Pounds Vice President, Finance 713/873-2674 or Morgen-Walke Associates Robert P. Jones/Jennifer Cullis cul·lis n. A gutter or groove in a roof. [Middle English colis, from Old French coleis, channel, from coler, to pour, from Latin Michelle Zawrotny: Media 212/850-5600 |
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