Sports-Tech Inc., dba All-Comm Media, announces completion of name change and reverse stock split.CULVER CITY, Calif.--(BUSINESS WIRE)--Aug. 22, 1995--Barry Peters, chairman of Sports-Tech Inc., dba All-Comm Media (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 :SPTK SPTK Self Paced Training Kit ), Tuesday announced that shareholders at a special meeting held Tuesday morning approved the changing of the corporate name from Sports-Tech Inc. to All-Comm Media Corp., and the changing of the company's trading symbol Trading symbol See: Ticker symbol on the NASDAQ Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. to ALCM ALCM air launched cruise missile (US DoD) ALCM Association of Lutheran Church Musicians ALCM Associate in Loss Control Management (insurance) ALCM Associated Landscape Contractors of Massachusetts . Peters also reported that the previously announced one-for-four reverse split of shares of the company's common stock was declared effective Aug. 23, 1995. As a result of the split, the current shares outstanding are 3,048,792 compared with the previously outstanding shares of 12,195,170. The reverse stock split is intended to facilitate several objectives, including positioning the company's securities for listing on NASDAQ's National Market System as well as enhanced visibility within the investment community. The name change signifies the commitment and focus of the company's new management team on building an increasingly profitable and rapidly growing comprehensive, integrated marketing and media services company that supports the information age. Peters commented on the recent actions saying: "We believe significant progress is being made on a number of important fronts: Our acquisition program is progressing at a good pace and we are currently in negotiations with several companies which are intended to provide All-Comm Media with a strong foundation for future expansion within the direct marketing and media services industry." All-Comm Media is a direct marketing, information and media services company with current interests in telemarketing and telefundraising for the arts, educational and other tax-exempt organizations. CONTACT: All-Comm Media Corp., Culver City Barry Peters, 310/342-2800 or Coffin - KCSA KCSA Krannert Center Student Association KCSA Kentucky Crushed Stone Association (Frankfort, KY) KCSA Kyiv City State Administration KCSA Kalamazoo Christian School Association KCSA Kentucky-Canadian Studies Association , Sherman Oaks William F. Coffin, 818/789-0100 |
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