American Pad & Paper Plans Move to OTC Bulletin Board.DALLAS--(BUSINESS WIRE)--Jan. 25, 1999--American Pad & Paper Company (NYSE NYSE See: New York Stock Exchange :AGP (Accelerated Graphics Port) A high-speed 32-bit port from Intel for attaching a display adapter to a PC. It provides a direct connection between the card and memory, and only one AGP slot is on the motherboard. ) (AP&P) announced today that it expects to begin trading on the NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. system effective Jan. 26, 1999. The stock is expected to continue to trade on the NYSE under the symbol AGP through the close of trading today Jan. 25, 1999. "American Pad & Paper plans to utilize the OTC Bulletin Board to provide stockholders a forum for trading the common stock without interruption," said James W. Swent III, Chief Executive Officer of AP&P. "Additionally the Company will continue the ongoing discussions with various security exchanges as we seek to provide stockholders with the most efficient marketplace possible." Once a symbol is assigned to trade on the OTC Bulletin Board the Company will issue a subsequent release with that information. American Pad & Paper Company is a leading manufacturer and marketer of paper-based office products in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Product offerings include envelopes, writing pads, file folders, machine papers, greeting cards and other office products. The key operating divisions of the Company are Williamhouse, AMPAD, and Creative Card which market principally under the following Brand Names: AMPAD(R), Century(TM), Embassy(R), Evidence(R), Globe-Weis(R), Gold Fibre(TM), Huxley(TM), Karolton(R), Kent(R), Peel & Seel seel tr.v. seeled, seel·ing, seels To stitch closed the eyes of (a falcon). [Middle English silen, from Old French cillier, from Medieval Latin (R), SCM (1) (Software Configuration Management, Source Code Management) See configuration management. (2) See supply chain management. (TM), Williamhouse(TM) and World Fibre(TM). Company revenues in 1997 were $687 million. This release contains forward-looking statements relating to future results. Actual results may differ significantly as a result of factors over which the Company has no control, including, but not limited to the following: changing economic conditions, slower than anticipated sales growth, price and product competition and changes in raw material costs. Additional information, which could affect the Company's financial results, is included in the Company's filings with the Securities and Exchange Commission. |
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