American Stock Exchange approves listing of HEARx Ltd.WEST PALM BEACH, Fla.--(BUSINESS WIRE)--March 4, 1996--Paul A. Brown, M.D., chairman of HEARx Ltd. (NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). :BB:HRXL), announced today that the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. had approved the application for HEARx Ltd. to list on the American Stock Exchange with the symbol of EAR. Trading is anticipated to begin immediately following approval by the Securities and Exchange Commission. Dr. Brown noted that this listing was certainly an exciting milestone in the company's history. Dr. Brown stated that choosing the AMEX AMEX See: American Stock Exchange was certainly not a difficult decision as he had prior experience as the 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 an AMEX listed company listed company n → compañía cotizable listed company n → société cotée en Bourse listed company list n → for seven years (MetPath Inc.). The decision to list on AMEX was made for the following reasons: 1. The specialist who will be handling the trading of HEARx is the same specialist who did such a superb job in the trading of MetPath shares over the years. 2. The opportunity to revisit and make presentations to the various AMEX groups throughout the country. 3. The fact that the stock will now be marginable. 4. The opportunity for increased institutional involvement. Dr. Brown added that he is quite sure that the increased distribution of press releases in the media will enhance both the value of the shares and liquidity for the shareholders. In addition, he expects that this listing will also help in completing any future financing whether debt or equity. HEARx, the only public company in the $1 billion field of hearing services, operates 47 company-owned centers in Florida, New York Florida is the name of some places in the U.S. state of New York:
CONTACT: HEARx Ltd. Paul A. Brown Paul Aaron Brown (January 15, 1932 -- July 3, 1996) was only the second Republican since Reconstruction to have served as mayor of the north Louisiana city of Minden, the seat of Webster Parish. , M.D., 407/478-8770 or Silverman Heller Inc. Edward Silverman, 212/682-9222 |
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