GENERAL KINETICS INCORPORATED OF HERNDON, VA., TRADES UP FROM NASDAQ TO THE AMERICAN STOCK EXCHANGE
GENERAL KINETICS INCORPORATED OF HERNDON, VA., TRADES UP FROM
NASDAQ TO THE AMERICAN STOCK EXCHANGE
NEW YORK, Nov. 21 /PRNewswire/ -- The American Stock Exchange announced today that General Kinetics Incorporated of Herndon, Va., began trading its shares of common stock. Trading under ticker symbol GKI, the stock opened on 100 shares at 9-1/4.
The company's stock was previously traded on the NASDAQ National Market System under ticker symbol GKIE.
General Kinetics is a leading designer, producer and marketer of high-end, digital secure facsimile equipment, principally to the U.S. government. Secure facsimile equipment utilizes safeguards to prevent interception of sensitive communications by unauthorized parties. The company's products, distributed under the "Cryptek" name, were used by U.S. forces during the Persian Gulf war.
For the three months ended Aug. 31, 1991, the company reported net income of $396,000 on net sales of $5.41 million, compared to net income of $375,000 on net sales of $5.16 million for the same period last year.
The American Stock Exchange is the second largest securities exchange in the United States and the largest American exchange with significant markets in both equities and derivative products. Today, it is an international institution on the cutting edge of trading floor technology, new product development and expansion into world markets through system linkages and globally traded products.
/CONTACT: Lisa Neuner of the American Stock Exchange, 212-306-2028/
(GKI) CO: General Kinetics Incorporated ST: Virginia IN: SU: FC -- NY059 -- 5894 11/21/91 12:28 EST