Career Horizons to list on the New York Stock Exchange and effect 2-for-1 stock split.WOODBURY Woodbury. 1 Residential city (1990 pop. 10,904), seat of Gloucester co., SW N.J., in the Philadelphia–Camden metropolitan area; settled 1683, inc. as a city 1871. It is a trade and service center, and petrochemical companies are nearby. , N.Y.--(BUSINESS WIRE)--Jan. 18, 1996--Career Horizons 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 :CARH CARH Council for Affordable and Rural Housing CARH Coalition for Affordable and Reliable Health Care CARH Community Assistance for the Retarded and Handicapped ) today announced that it has been cleared to file an application to list its common stock on 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. under the symbol CHZ CHZ Circumstellar Habitable Zone . The Company has been trading on the NASDAQ National Market since the completion of its Initial Public Offering in March 1994. Career Horizons expects that its common stock will begin trading on the New York Stock Exchange on February 8, 1996. In addition, the Company's board of directors declared a two-for-one stock split that will be issued in the form of a stock dividend on February 22, 1996, to shareholders of record at the close of business on February 8, 1996. "Our growth and recent acquisitions have heightened interest in our stock," said Walter W. Macauley, President and Chief Executive Officer. "The two-for-one stock split should improve our liquidity which will benefit both individual and institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. . Additionally, the move to the New York Stock Exchange should increase the Company's visibility in the investment community and broaden our shareholder base." Following the stock split, Career Horizons will have 11,271,844 common shares outstanding, 785,276 shares of non-voting common stock convertible into common stock on a one-for-one basis at any time, 4,968,318 shares reserved for issuance upon conversion of the Company's 7% Convertible Senior Notes Due 2002 and 1,596,620 shares of common stock reserved for issuance upon exercise of employee stock options. The Company intends to report its audited results of operations for the six month period ending December 31, 1995 on or about February 21, 1996. Career Horizons is a leading provider of supplemental personnel. In addition to general staffing, the Company serves three specialty markets: health care, information technology and engineering. It has 472 Company-owned, franchised and private label offices operating under recognized local and regional brand names in 42 states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). . CONTACT: Career Horizons, Inc. Michael T. Druckman, 516/682-1403 or Lundy Associates, Inc. Michael A. Lundy, 201/660-1100 |
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