Avert, Inc. announces unit to separate December 7, 1994; common stock (AVRT) and warrant (AVRTW) to trade separately on the NASDAQ National Market.FORT COLLINS, Colo.--(BUSINESS WIRE)--Nov. 29, 1994--Avert, 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 :AVRTU), an information services See Information Systems. company that provides employment background checks, Tuesday announced that Neidiger/ Tucker/Bruner, Inc., the Representative of the Underwriters of the Company's IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. in June, 1994, will separate the unit and allow the common stock and warrants to trade separately as of December 7, 1994. The separation date was moved up from the original date of March 22, 1995. As of December 7, 1994, Avert's common stock will trade separately on the NASDAQ National Market under the symbol AVRT AVRT atrioventricular reciprocating tachycardia. . The redeemable warrants will trade under the symbol AVRTW and the units will continue to trade as AVRTU. Two redeemable warrants entitle en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: the holder to purchase one share of common stock at a price of $6.50 for a nine-month period beginning March 22, 1995, and ending December 22, 1995. CONTACT: Avert, Inc., Fort Collins
Dean Suposs, 303/484-7722
or
Pfeiffer Public Relations, Inc., Denver
Kim Smith or Jay Pfeiffer, 303/393-7044
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