American Vantage Cos. Announces Reverse Stock Split.

LAS VEGAS--(BUSINESS WIRE)--Dec. 1, 1999--

American Vantage Cos. (Nasdaq:AVCS AVCS Advanced Vehicle Control System
AVCS Advanced Vidicon Camera System
AVCS Automatic Vehicle Control Systems
AVCS Active Vibration Control System
AVCS Attitude and Velocity Control Subsystem
AVCS Air Vehicle Control System
AVCS Active Valve Control System ) announced that a 1-for-3 reverse split of its issued and outstanding common stock has been authorized au·thor·ize
tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es
1. To grant authority or power to.

2. To give permission for; sanction: by its board of directors and became effective Dec. 1, 1999.

"The reverse split will enable the company to maintain its listing on the Nasdaq Small Cap market," said Ronald J. Tassinari. "Our board of directors considered it essential to maintain our corporate listing with Nasdaq."

No fractional shares Fractional share

Stocks amounting to less than one full share, usually resulting from splits, acquisitions, exchanges, or dividend reinvestment programs.

fractional share

Less than one share of stock, that is, one-third or one-half a share. will be issued in connection with the reverse split. Stockholders will receive one additional share for any fractional shares.

For a period of 20 trading days In Business, the trading day is the time span that a particular stock exchange is open. For example, the New York Stock Exchange is, as of 2006, open from 09:30AM to 4:00PM. Trading days never take place on weekends. , the company's stock will trade under the symbol AVCSD. After the 20-day period, the symbol will revert back to AVCS.

This news release may contain forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. , which are subject to risks and uncertainties. The company's actual results may differ materially from those described in any forward-looking statements. Additional information concerning potential risk factors that could affect the company's business and financial results are included in the company's filings with the Securities and Exchange Commission. They can also be found on the company's Web site at www.americanvantage.com and on the Securities and Exchange Commission's Web site at www.sec.gov.

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Publication:	Business Wire
Date:	Dec 1, 1999
Words:	205
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