Citizens Inc. Begins Trading on NYSE.Business Editors AUSTIN, Texas--(BUSINESS WIRE)--Aug. 22, 2002 Citizens Inc. (NYSE NYSE See: New York Stock Exchange :CIA CIA: see Central Intelligence Agency. (1) (Confidentiality Integrity Authentication) The three important concerns with regards to information security. Encryption is used to provide confidentiality (privacy, secrecy). ) commenced trading its Class A 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. (NYSE) with today's opening bell. Shares of Citizens' (CIA) common stock, previously traded on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. , will continue to trade 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 "CIA." To celebrate the Company's first day of trading on the NYSE, Harold E. Riley, Citizens' chairman, rang the opening bell. Joining him on the podium for the event were members of Citizens' executive management. Mr. Riley purchased the first 1,000 shares of the Company's stock that traded on the NYSE. Speaking from the floor of the Exchange minutes after trading began, Riley noted, "The listing on the New York Stock Exchange is a very significant and important event in the growth and development of Citizens. The NYSE is the largest and most prestigious exchange in the world, and we are pleased and honored to be included among its listed firms." About Citizens Inc. Citizens Inc. is a financial services company with a growth strategy of achieving $1 billion in assets, $250 million in revenues, $10 billion of life insurance in force, $250 million of stockholders' equity Stockholders' Equity The portion of the balance sheet that includes capital received from investors in exchange for stock (paid-in capital), donated capital, and retained earnings. This is equal to total assets minus liabilities, preferred stock and intangible assets. and a market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. of $1 billion at year 2010 by targeting the sale of U.S. dollar whole life insurance policies overseas as well as in the United States and through the acquisition and merging of other life insurance companies. Citizens is included in the Russell 2000(R) Index, which measures the performance of the largest companies in the U.S. stock market, based on market capitalization. Citizens' stock closed at $12.23 on Aug. 21, 2002. Additional information is available at the Company's Web site: www.citizensinc.com. Information herein contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, which can be identified by words such as "may," "will," "expect," "anticipate" or "continue" or comparable words. In addition, all statements other than statements of historical facts that address activities that the Company expects or anticipates will or may occur in the future are forward-looking statements. Readers are encouraged to read the SEC reports of the Company, particularly its Form 10-K for the fiscal year ended Dec. 31, 2001, for the meaningful cautionary language disclosing why actual results may vary materially from those anticipated by management. |
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