Loehmann's Holdings, Inc. to Commence Trading On the NASDAQ National Stock Market and Completes The Sale of Its Bronx Facility.Business Editors BRONX, N.Y.--(BUSINESS WIRE)--July 25, 2002 Loehmann's Holdings, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :LHMS LHMS Lotus Hosting Management System LHMS Lithuanian Hydrometeorological Service (Vilnius, Lithuania) LHMS Lower Moreland High School (Huntingdon Valley, Pennsylvania) ) today announced that its common stock will commence trading on the 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 National Stock Market beginning the week of July 29, 2002. The common stock, which was trading on the NASDAQ OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. , will continue to trade under 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 LHMS. The Company also announced that it has completed the sale of its facility in the Bronx, NY and realized $5.0 million in cash from the transaction. The Company's corporate headquarters will continue to be located in the Bronx facility. Loehmann's is a leading specialty retailer of well-known designer and brand name women's and men's fashion apparel, accessories and shoes at prices that are typically 30% to 65% below department store prices. Loehmann's operates 43 stores in major metropolitan markets located in 16 states. Loehmann's invites investors to visit the Company's web site at www.loehmanns.com. |
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