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RAUCH INDUSTRIES, INC. LISTS ON THE AMERICAN STOCK EXCHANGE; COMPANY PREVIOUSLY TRADED ON NASDAQ'S NATIONAL MARKET SYSTEM

 NEW YORK, May 24 /PRNewswire/ -- Rauch Industries, Inc. today commenced trading on the American Stock Exchange. The company's common stock, trading under the ticker symbol "RCH", opened at 11:30 a.m. at 11-1/2 on 100 shares. Rauch Industries previously traded over-the-counter on NASDAQ's National Market System. Rauch Industries has selected Weiskopf, Silver & Co., Oscar Gruss & Son and Sheslow (E.A.) Inc. as its specialist firm.
 Rauch Industries, headquartered in Gastonia, N.C., is the oldest producer of glass and satin Christmas tree ornaments in the United States. Its principal business is the design, manufacture and wholesale distribution of Christmas tree decorations including glass and satin ornaments, garland, icicles and aerosols. The company's products are retailed throughout the United States in chain, department, drug, variety, food and specialty stores under both the company's Pyramid label, Victoria label and Magic label, as well as through private labels.
 "Moving our company's listing from NASDAQ's NMS to the American Stock Exchange is the right decision for Rauch," said Marshall Rauch, Chairman and President of Rauch Industries, Inc. "This switch from an electronic dealer-based system to the AMEX auction market will serve our shareholders' best interests. We believe an AMEX listing will mean greater liquidity & broad visibility in the investment community. Also, it will provide our shareholders with a more efficient investing environment."
 Sarah M. Luke, Managing Director of the American Stock Exchange Southeast Regional Office stated, "Assisting Rauch in moving from NASDAQ to the AMEX was especially satisfying for me. Rauch experienced poor market quality when it traded over-the-counter, with little liquidity and NASDAQ's characteristically wide quotation spreads. At the Amex, we provide better market quality. That's a mighty powerful incentive to make a move. I expect we'll be seeing more companies from this region choosing to switch the way Rauch Industries has."
 The American Stock Exchange occupies a unique niche among U.S. financial markets. It is the only exchange to successfully provide both a primary equities market for growth companies, as well as a principal market to trade derivatives. No other exchange has balanced traditional and cutting edge trading products. And because of the efficiencies associated with the AMEX auction marketplace, investors of all sizes achieve the greatest value and protection.
 -0- 5/24/93
 /CONTACT: Melissa Grand, manager, Equities Communications of The American Stock Exchange, 212-306-1635/
 (RCH)


CO: Rauch Industries, Inc. ST: North Carolina IN: SU:

PS -- NY065 -- 1713 05/24/93 12:34 EDT
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Publication:PR Newswire
Date:May 24, 1993
Words:406
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