Printer Friendly

CHRISTIAN PURCHASING NETWORK, INC. ANNOUNCES CORPORATE NAME CHANGE

 SARASOTA, Fla., May 20 /PRNewswire/ -- Christian Purchasing Network, Inc. (NASDAQ: CPNI) today announced that the company name will become Jordan American Holdings, Inc. effective June 1, 1993. The stock will continue to trade on NASDAQ under the new symbol, JAHI. Two operating divisions will comprise Jordan American Holdings: the Jordan Financial Group and Christian Purchasing Network Group.
 The Jordan Financial Group provides investment advisory and portfolio management services to institutional and individual investors through: Equity Assets Management, a registered investment advisory service; Management Securities, a NASD registered broker/dealer; and Jordan International Holdings, Inc., a commodity trading company. W. Neal Jordan, president of the group, has an audited nine-year average annual return to clients of 30.08 percent; a five-year annual average of 44.75 percent; and a three-year annual average of 38.00 percent compared to the average annual performance of the Dow Jones Industrial average of 15.62 percent, 15.40 percent and 10.06 percent for the same periods. Past performance is no guaranty of future results.
 The Christian Purchasing Network Group markets a select basket of goods and services to the church market through group pricing and service contracts. The CPN Group has capitalized on inefficiencies in the buying practices of churches, large denominations, and affiliated schools and institutions. Products and services marketed by the CPN Group include chairs, interior furnishings, carpeting, copiers, business equipment, insurance and financial services. Since 1992, the company has pursued the formation of strategic marketing partnerships with nationally recognized providers including A.J. Gallagher -- insurance; Lanier Worldwide -- division of Harris Corporation -- copiers, facsimile and dictating equipment; U.S. Sprint -- long distance telephone services; Lee Carpets, subsidiary of Burlington International Corporation -- interior furnishings; etc.
 CEO Dr. Thomas J. McElheny commented that, "With the company's diversification and entry into new markets, the scope of business activities outgrew the parameters of the name Christian Purchasing Network. While the company will continue to serve the church market, it will also expand the financial services business."
 The name change was approved by the board of directors and shareholders at the annual meeting on April 28, 1993 in Sarasota, Fla. The name change is effective June 1, 1993.
 Jordan American Holdings, Inc., formerly Christian Purchasing Network, Inc., is niche marketer of financial services and goods to the Christian community. The company was founded in 1989, and is headquartered in Sarasota, Fla.
 -0- 5/20/93
 /CONTACT: Dr. Thomas J. McElheny, CEO of Christian Purchasing Network, 813-366-5775/
 (CPNI JAHI)


CO: Christian Purchasing Network, Inc.; Jordan American Holdings, Inc. ST: Florida IN: FIN SU:

AW-JB -- FL002 -- 0640 05/20/93 09:30 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 20, 1993
Words:434
Previous Article:DOW CHEMICAL CEO POPOFF RECEIVES RENE DUBOS ENVIRONMENTAL AWARD
Next Article:NATIONAL COMPUTER SYSTEMS REPORTS FIRST QUARTER RESULTS
Topics:


Related Articles
CHRISTIAN PURCHASING NETWORK ANNOUNCES POSITIVE RESULTS FOR ITS FOURTH QUARTER AND YEAR ENDED DEC. 31, 1991
/C O R R E C T I O N -- CHRISTIAN PURCHASING NETWORK ANNOUNCES POSITIVE RESULTS FOR ITS FOURTH QUARTER AND YEAR ENDED DEC. 31, 1991.
CHRISTIAN PURCHASING NETWORK ANNOUNCES YEAR END NET INCOME
CHRISTIAN PURCHASING NETWORK ANNOUNCES EFFECTIVE REGISTRATION STATEMENT; JORDAN AMERICAN VALUE PORTFOLIO AND JORDAN EMERGING AMERICA PORTFOLIO
TRIPLE THREAT ENTERPRISES TO CHANGE NAME TO GAMING DEVICES
CHRISTIAN PURCHASING NETWORK ANNOUNCES NATIONAL MARKETING AGREEMENT WITH LEE CARPETS
CHRISTIAN PURCHASING NETWORK, INC. ANNOUNCES $3 MILLION SUBSCRIPTION
CHRISTIAN PURCHASING NETWORK, INC. ANNOUNCES PROFITABLE FIRST QUARTER
JORDAN AMERICAN HOLDINGS, INC. ANNOUNCES LETTER OF INTENT TO SELL CHRISTIAN PURCHASING NETWORK GROUP
AEP 'Historic' Step Forward on Global Warming Lauded by Christian Brothers Investment Services.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters