New NASDAQ symbol for Global Timber.LAS VEGAS--(BUSINESS WIRE)--Dec. 11, 1995--Global Timber Corp. (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 :GTRE GTRE Gas Turbine Research Establishment ) is now being traded on the Electronic Bulletin Board under the NASDAQ symbol GTRE, reflecting its recent change of corporate charter to a socially responsible natural resource company, especially in emerging economic sectors overseas. Global recently received the exclusive timber rights timber right n. A claim to the trees on property belonging to another. Often used in the plural. to 352,000 hectares of forest lands in the Philippines Philippines officially Republic of the Philippines Island country, western Pacific Ocean, on an archipelago off the southeast coast of Asia. Area: 122,121 sq mi (316,294 sq km). Population (2005 est.): 84,191,000. to develop and market on behalf of the indigenous aboriginal natives who are now being granted access to the wealth of their homelands by progressive action within the Philippine government and Philippine military. The company's timber rights are estimated to be approximately $260 million in asset value. Global is expected to announce its development schedule prior to the end of the fiscal year, Jan. 31, 1996. CONTACT: Greg McAndrews & Associates Gregory A. McAndrews, 310/301-3035 |
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