Crescent Operating, Inc. Announces Continued Listing On the Nasdaq National Market.FORT WORTH, Texas--(BUSINESS WIRE)--June 23, 1999-- Crescent Operating, Inc. ("Crescent Operating" or the "Company") (Nasdaq/NMS:COPI COPI Chevron Overseas Petroleum Inc. COPI Construction Output Price Index (UK) COPI Court-Ordered Protected Individual ) today announced that the Nasdaq Listing Qualifications Panel (the "Panel") has approved the continued listing of the Company's common stock on the Nasdaq National Market. The Panel was of the opinion that the Company has evidenced compliance with the appropriate listing requirements Listing requirements Requirements, including minimum shares outstanding, market value, and income, that are laid down by an exchange for any stock to be listed for trading. for continued listing on the Nasdaq National Market. Crescent Operating is a diversified management company diversified management company An investment company with a minimum of 75% of its assets as cash, government securities, securities of other investment companies, and other securities subject to a limitation of no more than 5% of the diversified management which through various subsidiaries and affiliates, owns, leases or operates a portfolio of assets consisting primarily of lessee interests in seven full-service hotels and two destination health and fitness resorts, an interest in a behavioral health company, an interest in a refrigerated re·frig·er·ate tr.v. re·frig·er·at·ed, re·frig·er·at·ing, re·frig·er·ates 1. To cool or chill (a substance). 2. To preserve (food) by chilling. warehouse operating company operating company A business that engages in transactions with outsiders. , an interest in three real estate development operations, and an equipment sales and leasing company. For further information, please contact Rick Knight, Chief Financial Officer, at 817/339-2212. Crescent Operating is also online at www.crescentoperating.com. |
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