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APPLIED POWER TO LIST ITS STOCK ON NEW YORK STOCK EXCHANGE

 APPLIED POWER TO LIST ITS STOCK ON NEW YORK STOCK EXCHANGE
 MILWAUKEE, July 31 /PRNewswire/ -- Applied Power Inc. said today that it has received approval to list its common stock on the New York Stock Exchange (NYSE). Trading on the exchange is expected to commence on Tuesday, Aug. 4, under the symbol APW.
 Richard G. Sim, chairman, president and chief executive officer, said that listing on the exchange is expected to help increase the company's visibility to individual and institutional investors, security analysts and the news media.
 "We hope to provide a broader market for Applied Power shares and develop a more diversified shareholder base," Sim said, noting that listing on the New York Stock Exchange "is consistent with the company's goal of creating more liquid markets for its securities, and enhancing Applied Power's access to efficiently priced capital."
 Applied Power has some 12,948,000 common shares outstanding with a market value of approximately $200 million.
 Sim noted that listing on the exchange marks yet another significant milestone for Applied Power and highlights the progress the company has achieved in recent years.
 Sales from continuing operations increased from $129.4 million for the 1987 fiscal year to $358.6 million for the fiscal year ended August 1991. The company's common stock began trading publicly in 1987 and has been listed on the NASDAQ National Market List.
 The New York Stock Exchange is recognized as the leading equity trading market in the United States. In 1991, according to NYSE, 45.5 billion shares valued at $1.5 trillion traded on the exchange. The market capitalization of all stocks listed on NYSE is $3.7 trillion.
 In comparison, NASDAQ volume in 1991 was 41.3 billion shares valued at $693.8 billion. NASDAQ-traded companies have a market capitalization of $693.8 billion. On the American Stock Exchange, 3.3 billion shares were traded with a value of $40.9 billion. Total market capitalization of AMEX companies is $121 billion.
 Founded in 1792, the New York Stock Exchange now lists the shares of some 2,000 companies from around the world. According to exchange officials, more than 10,000 financial institutions -- pension funds, investment companies, banks and universities -- with some $3.5 trillion in securities under management have access to and use the NYSE market.
 Applied Power is a world leader in industrial motion and position control applications and a pioneer in the marriage of hydraulic and vibration technologies with electronics. The company is comprised of two business groups. The Engineered Solutions Group includes the Barry Controls and Power-Packer/APITECH businesses that market customized products and systems primarily to original equipment manufacturers.
 The Distributed Products Group includes the Enerpac and GB Electrical businesses that consist of standard products which are distributed to end users primarily through independent distributors. Non-U.S. activities account for 45 percent of overall revenues.
 -0- 7/31/92
 /CONTACT: Robert T. Foote Jr., vice president and CFO of Applied Power, 414-781-6600; or Nick Biro or Jim Tolan of O'Connor Biro & Associates, 708-498-2284, for Applied Power/
 (APWR APW) CO: Applied Power Inc. ST: Wisconsin IN: SU:


TS -- NY039 -- 5576 07/31/92 11:48 EDT
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Publication:PR Newswire
Date:Jul 31, 1992
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