Community Medical Transport Inc. makes announcement.YONKERS, N.Y.--(BUSINESS WIRE)--Oct. 24, 1996--Community Medical Transport, Inc. (Nasdaq National Market:CMTI CMTI Clean Manufacturing Technology Institute CMTI Central Machine Tools Institute (Bangalore, India) ), a leading provider of comprehensive medical transportation services in the New York/New Jersey metropolitan area, today announced that the Company's Registration Statement for approximately 1 million shares of Common Stock has been declared effective by the Securities and Exchange Commission. The registered shares consist of 277,348 shares of the Company's Common Stock which are currently issued and outstanding; 575,275 shares which may be issued upon exercise of certain outstanding warrants, options and their components, at an average exercise price currently greater than the market price for the Company's Common Stock; and 153,846 shares which may be issued upon conversion of currently outstanding notes, issued in conjunction with the Company's recent acquisition of Hudson Valley
The Hudson Valley refers to the canyon of the Hudson River and its adjacent communities in New York State, generally from northern Westchester County northward to the cities of Albany and Troy. Ambulance, at $6.50 per share through November 14, 1996. Community Medical Transport, Inc. currently provides medical (emergency and non-emergency) and other specialized transportation services in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and New Jersey. The Company is dedicated to administering, managing and servicing the transportation needs of healthcare facilities, managed care providers and municipalities. Whether provided as a single transport or in a managed transportation program, Community Medical's services will be offered at fees that help its customers meet their cost containment cost containment, n the features of a dental benefits program or of the administration of the program designed to reduce or eliminate certain charges to the plan. objectives, with sensitivity to those patients in its care. CONTACT: Community Medical Transport, Inc. Dean L. Sloane, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. (914) 963-6666 or CMTI's INVESTOR RELATIONS Investor relations The process by which the corporation communicates with its investors. COUNSEL: The Equity Group Inc. Tamara Ehlin (212) 836-9607 Tripp Whetsell (212) 836-9613 |
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