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ACOI INSURES POSITION ON EMERGING COMPANY MARKETPLACE AT THE AMERICAN STOCK EXCHANGE

 ACOI INSURES POSITION ON EMERGING COMPANY MARKETPLACE
 AT THE AMERICAN STOCK EXCHANGE
 NEW YORK, Aug. 4 /PRNewswire/ -- ACOI, Inc. of Dallas, today joined the growing number of companies listed on the American Stock Exchange's Emerging Company Marketplace (ECMsm). Trading under ticker symbol "CCS.EC", the company's common stock opened at 1-1/8 on 2,000 shares. The stock previously traded over-the-counter on NASDAQ. The company has selected Spear, Leeds & Kellogg as its specialist unit.
 ACOI, Inc. provides insurance products and services, usually on credit, to individuals who cannot or do not qualify for financing from traditional financial institutions. The company is currently focused on premium financing, marketing and underwriting of non-standard automobile insurance in the State of Texas.
 "Listing on the Emerging Company Marketplace should broaden ACOI's visibility within the investment community and provide greater liquidity for our shareholders. We believe the large spread between bid and ask prices which ACOI has experienced in over-the-counter trading has discouraged investors who would otherwise be attracted to the company's emergence as a profitable and rapidly-growing provider of non- traditional financial services to the American public," said Ramon D. Phillips, chairman and president of ACOI.
 For the fiscal three months ended March 31, 1992, ACOI achieved a net income of $394,000 (unaudited) up from $170,000 for the same period 1991. Earnings per share experienced similar growth, with a three month ended March 31, 1992 gain of $.04 (unaudited) up from $.02 for the same period 1991.
 Today's listing brings to 31 the total number of companies listed on the Emerging Company Marketplace. The American Stock Exchange is committed to becoming the recognized, premier marketplace for growth companies and derivative securities. By responding to listed company needs and initiating quality services, the Amex finds innovative ways to add value to the expanding community of companies and investors it serves.
 -0- 8/4/92
 /CONTACT: Paul Nobile of Equities Communications, 212-306-2028, for Amex/ CO: ACOI, Inc. ST: Texas IN: INS SU:


LR -- NY046 -- 6669 08/04/92 12:45 EDT
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Publication:PR Newswire
Date:Aug 4, 1992
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