CHILDREN'S COMPREHENSIVE SERVICES SHAREHOLDERS APPROVE 1-FOR-2 REVERSE STOCK SPLIT.MURFREESBORO, Tenn.--(BUSINESS WIRE)--March 21, 1996--Children's Comprehensive Services, Inc. ("CCS (1) (Common Channel Signaling) A communications system in which one channel is used for signaling and different channels are used for voice/data transmission. Signaling System 7 (SS7) is a CCS system, also known as CCS7. See SS7. ") (Nasdaq/NM: KIDS) announced that its shareholders approved a 1-for-2 reverse stock split of the Company's common stock at today's special Today's Special was a children's television show produced by Clive VanderBurgh at TVOntario from 1981 to 1987. It also ran on Nickelodeon and the Faith and Values Channel (now the Hallmark Channel) as well as many PBS stations throughout the United States. meeting of shareholders. The reverse stock split was effected by an amendment to the Company's Restated Charter filed today which decreased the number of authorized shares Authorized shares Number of shares authorized for issuance by a firm's corporate charter. of the Company's common stock from 20 million shares to 10 million shares and, concurrently, reclassified each two shares of the Company's common stock into one share. The reverse stock split becomes effective as of the close of business today, March 21, 1996. Children's Comprehensive Services provides, either directly or through management contracts, education and treatment services for at-risk youth. It currently offers these services through the operation and management of special education schools and both open and secured residential treatment centers A residential treatment center, often referred to by the acronym RTC, is a live-in therapy/behavior modification facility for adolescents who suffer from a variety of emotional conditions, ranging from drug abuse to violence to sexual behavioral problems. for local, state and federal government agencies in Alabama Alabama, indigenous people of North America Alabama (ăləbăm`ə), indigenous people of North America whose language belongs to the Muskogean branch of the Hokan-Siouan linguistic stock (see Native American languages). , California, Florida, Louisiana and Tennessee. CONTACT: Children's Comprehensive Services Inc., Murfreesboro Donald B. Whitfield, 615/896-3100 |
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