Hughes Resources Inc. announces reverse stock split.SCOTTSDALE, Ariz.--(BUSINESS WIRE)--July 27, 1995--Hughes Resources 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 :HURI Huri (hy  `rī), in the Bible, father of Abihail (2.) ), a Nevada corporation, announced a 10-for-1 reverse stock split of its issued and outstanding common stock that is traded on the NASDAQ Small Cap market. This reverse split will be effective on the opening of the July 31, 1995, business day. There will be no change in the par value or any name change of the company, although NASDAQ will incorporate the letter ``D'' within the company's existing symbol for 30 days to reflect the reverse split, and at the end of the 30 days the symbol ``D'' will be removed. At this time, NASDAQ has not commented on where the letter ``D'' will be placed. The common stock is currently trading under the symbol of ``HURI.'' The new CUSIP number CUSIP Number An identification number assigned to all stocks and registered bonds. The Committee on Uniform Securities Identification Procedures (CUSIP) oversees the entire CUSIP system. Notes: This system is used in the U.S. and Canada. for the company's common stock is 440450407 and will be effective on July 31, 1995. The company will no longer retain Corporate Stock Transfer, located at 370 17th St., Suite 2350, Denver, Colo. 80202-4614, as its stock-transfer agent. As of July 31, 1995, the new transfer agent will be: IDATA IDATA Indirect Data (assembly language directive) Inc., located at 14675 Midway Road, Suite 221, Dallas, Texas 75244. IDATA has been instructed to issue new stock certificates and in the interim overstamp any existing stock certificates to reflect this reverse split on July 31, 1995. CONTACT: Stockworks USA Inc. Investor Relations Investor relations The process by which the corporation communicates with its investors. , 619/523-1122 619/523-1770 (fax) |
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