Classics International Entertainment activities continue despite closing of Berkeley Securities Corporation.CHICAGO--(BUSINESS WIRE)--Jan. 13, 1995--Classics International Entertainment, Inc. continues to move forward on expansion projects despite the fact that its primary market-maker, Berkeley Securities Corporation, was closed by the National Association of Securities Dealers National Association of Securities Dealers (NASD) Nonprofit organization formed under the joint sponsorship of the investment bankers' conference and the SEC to comply with the Maloney Act, which provides for the regulation of the OTC market. due to a capital deficiency. CIE (Commission Internationale de l'Eclairage, International Commission on Illumination, Vienna, Austria, www.cie.co.at) An international organization that sets standards for all aspects of lighting and illumination, including colorimetry, photometry and the measurement of visible and has relationships with 12 other market-makers and is currently in the process of replacing Berkeley Securities as primary market-maker. Although the disruption in stock transactions related to Berkeley's closing caused CIE's stock price to fall, it has stabilized sta·bi·lize v. sta·bi·lized, sta·bi·liz·ing, sta·bi·liz·es v.tr. 1. To make stable or steadfast. 2. and, moreover, has gone back up from its low of the day. ``Today's fall in CIE's stock price was directly related to the closing of Berkeley Securities and has nothing to do with CIE activities,'' said CIE Chairman of the Board Richard Berger, ``We are carrying on with business as usual -- our management reorganization is running smoothly and discussions on all of the projects announced over the past few months are continuing.'' Classics International Entertainment, Inc., headquartered in Chicago, is the parent company of Moondog's, the chain of comic book comic book Bound collection of comic strips, usually in chronological sequence, typically telling a single story or a series of different stories. The first true comic books were marketed in 1933 as giveaway advertising premiums. and pop culture stores, and First Classics, Inc., publisher of Classics Illustrated graphic novels and several other comic book titles and characters. Classics International Entertainment, Inc., is publicly traded on the SmallCap market of 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. under the symbol CIEI CIEI Center for International Environment Information (USA) . Interested parties may obtain additional information on Classics International Entertainment, Inc., by contacting CIE's investor's communications department at 800/569-CIEI (2434). CONTACT: Channel Marketing, Chicago Lisa Sutton, 312/280-0298 or 312/943-5300 |
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