Care Concepts effects five-for-one stock split.PHOENIX--(BUSINESS WIRE)--Nov. 22, 1994--Care Concepts 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 :CARC CARC Canadian Arctic Resources Committee CARC Chemical Agent Resistant Coating CARC Canadian Agri-Food Research Council CARC Claim Adjustment Reason Code CARC Civil Aviation Regulatory Commission (Jordan) ) filed a Certificate of Amendment to its Restated Certificate of Incorporation certificate of incorporation n. some states issue a certificate to prove a corporation's existence upon the filing of Articles of Incorporation. In most states the Articles are sufficient proof. this morning in order to effect a five-for-one reverse stock split of its common stock. The company is listed on the NASDAQ SmallCap Market under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors CARC. Fractional shares of the company's common stock shall be redeemed for cash. The split will be reflected by by NASDAQ at the opening of the SmallCap Market on Wednesday, Nov. 23, 1994. Care Concepts is the industry leader in manufacturing the "CareVan," a specialized minivan designed to suit the needs of the wheelchair user, the elderly and the physically challenged physically challenged adj. Having a physical disability or impairment, especially one that limits mobility. See Usage Note at challenged. n. (used with a pl. . Founded in 1984, the company produces a line of seven wheelchair and ambulatory accessible mini-vans to serve the retail, institutional and government customers. The minivans are designed to bring safety, convenience, comfort, ease of use and affordability to the physically challenged without the drawbacks of hydraulic or electric lifts for wheelchair access. CONTACT: Care Concepts Inc., Phoenix Jack D. Kelley, 602/274-1432 |
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