Thermwood Debenture Bonds Listed on the AMEX.DALE, Ind.--(BUSINESS WIRE)--June 18, 1999-- Thermwood Corp. (AMEX AMEX See: American Stock Exchange :THM) announced that its 12 percent, 15-year Subordinated Debentures subordinated debenture An unsecured bond with a claim to assets that is subordinate to all existing and future debt. Thus, in the event that the issuer encounters financial difficulties and must be liquidated, all other claims must be satisfied before have been listed 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. . The bonds will trade under the symbol THM.A. The debenture bonds have a face value of $11 and are the result of an exchange offer completed on April 27, 1999 in which 460,262 shares of Thermwood common stock were exchanged for subordinated debentures in the principal amount of $5,062,882. Thermwood Corp. is a technology based manufacturing company that is bringing advanced technology to the manufacturing process. Its line of sophisticated computer controlled machines integrate into today's modern computer network environment and are intended to produce complete products rather than simply performing a single manufacturing process as is common with normal machine tools. This equipment is supported with a variety of software, services and supplies. Thermwood stock is publicly traded and is listed on the American and Pacific Stock Exchanges. Forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. in this document are made pursuant to the "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provision of the Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Act of 1995. Investors are cautioned that the actual results may differ substantially from such forward-looking statements. Forward-looking statements involve risks and uncertainties, including but not limited to, continued acceptance of the company's products in the marketplace, competitive factors, new products and technological changes, the company's dependence on third-party suppliers and other risks detailed from time to time in certain of the company's filings with the Securities and Exchange Commission. |
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