As Plant Nears Completion, Crown Engages Ladenburg Thalmann as Investment Banker.SALT LAKE CITY--(BUSINESS WIRE)--June 11, 1998--Jay Mealey, president of Crown Energy Corporation (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 EBB: CROE), Thursday announced that construction of the Asphalt Ridge facility is scheduled for completion within the next 30 days. He said that consistent with Crown's interest in maximizing shareholder value, the company has engaged the services of Ladenburg Thalmann to assist the company in identifying and evaluating growth opportunities. Ladenburg Thalmann & Co. Inc., one of the nation's oldest investment banking and services firms, has begun making a market in the company's common stock. A member of 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. since 1876, Ladenburg Thalmann has a specialized research department focusing on companies in emerging growth industries. Crown Energy Corp. is a company capitalizing on opportunities in the rapidly changing asphalt industry. Crown specializes in the production, sale and distribution of high-performance and specialty asphalt products. Crown Asphalt Ridge, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a joint venture with MCNIC Pipeline & Processing Company-a subsidiary of MCN MCN Motorcycle News (magazine) MCN Maternal Child Nursing MCN American Journal of Maternal/Child Nursing MCN Motorcycle Consumer News MCN Migrant Clinicians Network MCN Molecular and Cellular Neuroscience Energy Group Inc. (NYSE NYSE See: New York Stock Exchange : MCN)- is engaged in the processing and marketing of premium-grade asphalt products from oil sands. NOTE: Any statements released by Crown Energy Corporation that are forward looking are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of 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. Editors and investors are cautioned that forward-looking statements invoke risk and uncertainties that may affect the company's business prospects and performance. These include economic, competitive, governmental, technological and other factors discussed in the company's filings with the SEC on forms 10-K, 10-Q and 8-K. CONTACT: Crown Energy Corp., Salt Lake City Rich Rawdin, 801/537-5610 or Jordan Richard Assoc., Salt Lake City Madeleine Franco or Bryce Benson, 801/595-8611 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion