First American Railways' Common Stock Will Continue to be Listed On the Nasdaq SmallCap Market.HOLLYWOOD, Fla.--(BUSINESS WIRE)--July 16, 1998--First American Railways Inc. (Nasdaq:FTRN FTRN Fair Trade Resource Network ), the entertainment and scenic rail company which operates the Florida Fun-Train, Thursday announced that its common stock will continue to be listed on the Nasdaq SmallCap Market via an exception from the net tangible assets/market capitalization/net income, minimum bid price and listing of additional shares requirements. While First American First American may refer to:
1. to exhale. 2. to die. ex·pire v. 1. To breathe one's last breath; die. 2. To exhale. on Aug. 3, 1998. In the event the company is deemed to have met the terms of the exception, its Common Stock will continue to be listed on the Nasdaq SmallCap Market. While the company will use its best efforts to meet these conditions, however, there can be no assurance that it will do so. If the company's securities should cease to be listed on the Nasdaq SmallCap Market, they may continue to be listed on the OTC-Bulletin Board. For the duration of the exception, the company's Nasdaq symbol will be FTRNC. Forward looking statements (statements which are not historical facts) in this release are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions 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. Investors are cautioned that all forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. involve risks and uncertainties, including those risks and uncertainties detailed in the company's filings with the Securities and Exchange Commission.
CONTACT: First American Railways Inc., Hollywood
Kimberly Goguen, 954/920-0606, Ext. 123
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