Ampal-American Israel Corporation to Trade On the Nasdaq Stock Market.Business Editors NEW YORK--(BUSINESS WIRE)--April 28, 2000 Ampal-American Israel Corporation (AMEX AMEX See: American Stock Exchange :AIS) announced today that it is switching the listing of its Class A Stock from 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. to the Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. (R). Effective Monday, May 1, 2000, the Company's Class A Stock will trade under the symbol AMPL (language) AMPL - Along with mpl, the intrinsic parallel languages for MasPar's computers. AMPL and mpl are parallel variants of C. Ampl is actually now a gcc port. ["AMPL: Design, Implementation and Evaluation of a Multiprocessing Language", R. Dannenberg, CMU 1981]. . Ampal's management believes that Nasdaq's multiple market maker structure will provide Ampal with enhanced visibility and liquidity. The Nasdaq Stock Market lists nearly 5,000 companies, trades more shares per day, and has a higher dollar volume of trades than any other U.S. market. Nasdaq is a subsidiary of the National Association of Securities Dealers National Association of Securities Dealers (NASD) Nonprofit organization formed under the joint sponsorship of the investment bankers' conference and the SEC to comply with the Maloney Act, which provides for the regulation of the OTC market. , Inc. (NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). ), the largest securities-industry, self- regulatory organization in the United States. For more information about Nasdaq, visit the Nasdaq Web site at www.nasdaq.com or the Nasdaq Newsroom(SM) at www.nasdaqnews.com. Ampal and its subsidiaries primarily acquire interests in businesses located in the State of Israel or that are Israel- related. An important objective of Ampal is to make investments in companies which take advantage of the growth in Israel's high- technology sector. Ampal and its subsidiaries have diversified interests in the following sectors: high-technology and communications, real estate, capital markets, leisure-time, energy distribution, and industry. Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements involving risks and uncertainties that could cause actual results to differ materially from those in such forward- looking statements. Further information regarding risks and uncertainties are detailed from time to time in the Company's filings with the Securities and Exchange Commission. |
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