Applewoods announces stock split and warrant exercise.WESTPORT Westport, residential town (1990 pop. 24,407), Fairfield co., SW Conn., on Long Island Sound at the mouth of the Saugatuck River; settled 1645–50, inc. 1835. It serves as a popular residence for New York City commuters. Westport has a summer theater. , Conn.--(BUSINESS WIRE)--May 9, 1996--Applewoods Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :APWD APWD Annular Pressure While Drilling (oil and gas industry) ) announced today that its Board of Directors has approved a 2-for-1 stock split with respect to the company's shares of Common Stock. Roger Buoy buoy (boi, b  `ē), float anchored in navigable waters to mark channels and indicate dangers to navigation (isolated rocks, mine fields, cables, and the like). , the company's chief executive officer, commented, "We are extremely pleased by the strong support for our Company as evidenced by the considerable rise in our stock price since our initial public offering in early April. By issuing an additional share of Common Stock for each outstanding share, we expect to generate even greater interest in the Company and its securities." In addition, the company also announced that certain holders of the company's Class A Warrants exercised such securities for a total of 176,000 shares of Common Stock. As a result of the warrant exercise, the company received an aggregate of $1,056,000. The company's chief financial officer, Terence McAuley, reported that "We are pleased that this infusion of cash, in addition to the proceeds from our initial public offering, will fuel dramatic growth at Applewoods. We are currently undertaking the commencement of a franchising program and expect the opening of a number of new Applewoods locations by year end." Applewoods is a developer, manufacturer and marketer of all natural soaps, lotions lotions, n.pl nonoily treatments intended to be applied to the skin for a variety of cosmetic or medicinal purposes. , oils, other toiletries toi·let·ry n. pl. toi·let·ries An article, such as toothpaste or a hairbrush, used in personal grooming or dressing. toiletries npl → artículos mpl de aseo (= and related gift items for men and women. Applewoods is traded on The Nasdaq SmallCap Market. CONTACT: Applewoods Inc. Roger Buoy, Chief Executive Officer 203/227-4912 |
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