American Securities Announces Purchase of the Assets of Addison Financial.GAITHERSBURG, Md.--(BUSINESS WIRE)--July 8, 1998--American Securities Inc., a financial services holding firm whose subsidiaries include AC Financial, a full service broker-dealer, MSJ MSJ Motion for Summary Judgment (civil procedure legal practice) MSJ Misawa, Japan (Airport Code) MSJ Meteorological Society of Japan MSJ Multiple Selective Reject MSJ Mac Serial Junkie Partners Corp., a hedge fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" manager, and Investors Resolutions, an investor arbitration consulting firm, Wednesday announced the purchase of substantially all of the assets of Addison Financial Inc. a Florida-based broker-dealer, by American Securities' wholly-owned subsidiary, AC Financial. The acquired assets, business and key employees of Addison Financial will be merged into AC Financial and will strategically expand AC Financial's retail brokerage business in the southeastern United States as well as adding a substantial revenue flow continuing the growth of AC Financial's client base. "This acquisition and revenue stream, which we estimate at nearly $1,000,000 per year, will move us further towards achieving our goal of profitability by the end of fiscal year 1998," Said Steven Popkin, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of American Securities. The transaction has been cleared of substantially all regulatory approvals and is expected to begin the combined operations immediately. is listed on the 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. under the ticker symbol AMSK AMSK Auxiliary Manual Select Keyboard .
CONTACT: American Securities Inc.
Michael Efrusy, 202/332-2595
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