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Arguss Communications to List Shares on New York Stock Exchange.


Business/Technology Editors

ROCKVILLE, Md.--(BUSINESS WIRE)--Dec. 6, 2000

Arguss Communications, Inc. (Nasdaq: ARGX) announced that it has been cleared for listing on the New York Stock Exchange New York Stock Exchange (NYSE)

World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City.
 (NYSE NYSE

See: New York Stock Exchange
). The common stock is expected to begin trading on the NYSE as of December 18 with the stock symbol "ACX ACX Available Chemicals Exchange
ACX Advanced Combat Experimental
ACX Asynchronous Cross Connect
". The company's shares will continue to be traded on the Nasdaq National Market System until that time.

"Arguss has grown significantly over the past three years, providing communications infrastructure services throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. ," said Arguss Chairman Rainer Bosselmann. "Listing our shares on the NYSE, the world's largest capital market, is the logical next step for Arguss and confirms our position among the leaders in our industry. We believe that this listing will provide greater exposure to the worldwide investment community and a more liquid transaction currency to aggressively pursue our strategic growth initiatives."

"We are proud to welcome Arguss Communications Group to the New York Stock Exchange family of listed companies," said Exchange Chairman and 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.  Richard A. Grasso. "As a fast-growing leader in its field, Arguss is the latest in a line of technology enterprises whose shares enjoy the visibility and liquidity the NYSE's auction market provides."

Arguss Communications, Inc. operates through its two wholly owned subsidiaries Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
 - Arguss Communications Group and Conceptronic, Inc. Arguss Communications Group provides infrastructure services for the leading telecommunications and cable companies in the United States. Services include project management, design, engineering, construction, and maintenance of aerial, underground and premise facilities. The Communications Group companies are masters of the ever-changing landscape of telecommunications, fiber optics fiber optics, transmission of digitized messages or information by light pulses along hair-thin glass fibers. Each fiber is surrounded by a cladding having a high index of refractance so that the light is internally reflected and travels the length of the fiber , and the information superhighway. Conceptronic manufactures highly advanced, computer-controlled capital equipment used in the assembly of electronic circuits. Further information is available on the company's website at www.argx.com.

Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, those discussed in filings made by the Company with the Securities and Exchange Commission.
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Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Dec 6, 2000
Words:371
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