First American Health Concepts moves to national market.PHOENIX--(BUSINESS WIRE)--Feb. 27, 1995--First American Health Concepts, 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 : FAHC FAHC Fletcher Allen Health Care FAHC Filipino Association for Health Careers FAHC Finnish/American Heritage Center FAHC Fully Allocated Historical Costs ), will begin trading on the NASDAQ National Market beginning today (Monday, Feb. 27). The company's stock has most recently traded on NASDAQ's "Small Cap" market. The company will retain 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 "FAHC". Moving the company's stock to NASDAQ's National Market will expand accessibility to stock information and allow investors to purchase FAHC stock using margin accounts with brokers. Brokers and dealers also can now make margin loans using FAHC securities as collateral. FAHC president and 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. John A. Raycraft said the new listing comes as a result of the company's strong operating results since 1991 which have enabled accumulated profits to reach the threshold for the National Market listing. "We believe the increased market focus on the stock will be good for shareholders," Raycraft added. First American Health Concepts, which last year relocated its corporate headquarters to Phoenix from suburban Mesa, Arizona, markets and administers third-party managed vision care plans nationwide under the trade name Eye Care Plan of America (ECPA (Electronic Communications Privacy Act of 1986) Signed into law in 1986, the ECPA extends legal protection against wiretapping and other forms of unauthorized interception to e-mail, cellular telephones, pagers, computer transmissions and communications ). The company serves nearly 10 million members and maintains the largest provider network of its type. CONTACT: Charlotte Buchen Communications Charlotte Buchen, 602/952-8050 |
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