Resorts International announces shareholder approval of name change and reverse split.ATLANTIC CITY, N.J.--(BUSINESS WIRE)--June 27, 1995--Resorts International Inc. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. : RT) today announced that its shareholders approved changing the name of the company to "Griffin Gaming & Entertainment Inc." and also approved a one-for-five reverse stock split of the company's Common Stock. Both of these items will be effective as of the close of business on Friday, June 30, 1995. The company also stated that, at today's annual meeting in Atlantic City, its shareholders elected the two members of the Board of Directors proposed by management and approved the proposed amendments to the company's 1994 Stock Option Plan. Thomas E. Gallagher, president and chief executive officer, said, "Our win numbers are now the highest they have ever been in the history of the company, and we just added 10,000 more square feet of casino space. But, most important, we have bought back the 4.4 acres directly across from our front door in Atlantic City. We expect to break ground in 1996 on a new parking garage and hotel tower with as much casino space as we can obtain." The company's Common Stock will continue to be traded on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. ; however, its new ticker symbol is "GGE GGE gradient gel electrophoresis (HDL or LDL measurements) GGE Graduate Group in Ecology GGE Gallon Gas Equivalent GGE Grupo Gênese de Ensino (Brazilian school) GGE God's Green Earth ." The company's public debt will also continue to be traded on the American Stock Exchange and its ticker symbols will be changed as follows: (1) the First Mortgage Non-Recourse Pass-Through Notes due June 30, 2000 will change from RTI RTI - Return from interrupt to GGEI, (2) the 11% Mortgage Notes due 2003 will change from RTJ RTJ Ring Type Joint RTJ Request to Join to GGEJ and (3) the 11.375% Junior Mortgage Notes due 2004 will change from RTM (1) (RealTime Model) Refers to a system or architecture that performs operations in real time. See real time. (2) (Release/Released To M to GGEM. The Mortgage Notes and Junior Mortgage Notes were issued by Resorts International Hotel Financing Inc., a wholly-owned subsidiary of the company. CONTACT: Resorts International Matthew B. Kearney, 609/340-6106 or Robinson Lake Sawyer Miller David Allan, 212/484-7781 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion