BEST PRODUCTS IMPLEMENTS MANAGEMENT STOCK PURCHASE LOAN PROGRAM.RICHMOND, Va.--(BUSINESS WIRE)--March 3, 1995--Best Products Co., Inc. (Nasdaq:BEST) today said it is implementing a management stock purchase loan program recently approved by the company's board of directors. Approximately 50 members of company management have indicated they will participate in the program initially. Pursuant to such a program, and subject to market considerations and individual circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or , the company estimates such members of management may over upcoming weeks buy shares of company common stock, in the open market or otherwise, for aggregate consideration of up to $3.6 million. On March 2, 1995, the reported last sale price of the common stock on 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. was $6.38 per share. Best Products, a specialty retailer offering category-dominant assortments of jewelry jewelry, personal adornments worn for ornament or utility, to show rank or wealth, or to follow superstitious custom or fashion. The most universal forms of jewelry are the necklace, bracelet, ring, pin, and earring. and home products, operates 161 Best showrooms in 22 states. The company also operates 12 Best Jewelry stores and a nationwide mail-order service. CONTACT: Best Products Co., Inc. INVESTOR RELATIONS Investor relations The process by which the corporation communicates with its investors. : J. Stuart Newton, 804/261-2150 MEDIA CONTACTS: Ross Ross , Sir Ronald 1857-1932. British physician. He won a 1902 Nobel Prize for proving that malaria is transmitted to humans by the bite of the mosquito. Richardson, 804/261-2157 or Morgen-Walke Associates Betsy Brod/Stephanie Conzelman, 212/850-5600 Stacy Berns, 212/850-5600 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion