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COLUMBUS ENERGY DISCOVERS EMERGING COMPANY MARKETPLACE AT THE AMERICAN STOCK EXCHANGE

 COLUMBUS ENERGY DISCOVERS EMERGING COMPANY MARKETPLACE
 AT THE AMERICAN STOCK EXCHANGE
 NEW YORK, July 30 /PRNewswire/ -- Columbus Energy Corporation of Denver today joined the growing number of companies listed on the American Stock Exchange's Emerging Company Marketplace (ECM(SM)). Trading under ticker symbol "EGY.EC", the company's common stock opened at 5-3/8 on 1,000 shares. Bear Stearns has been selected as its specialist unit. The company's stock was previously listed on the Pacific Stock Exchange, where it will continue trading.
 Columbus Energy Corporation engages in production and sales of crude oil, condensate and natural gas, as well as the acquisition, development, management and operation of oil and natural gas properties. In addition, the company maintains compression, transmission and marketing services in natural gas.
 For the six months ended May 31, 1992, Columbus Energy realized a net income of $769,000 (unaudited), up from a net income loss of $21,000 for the same period in 1991. Earnings per common share for the six months ended May 31, 1992, were $0.26, up from a $0.01 loss per common share for the same period in 1991.
 Today's listing brings to 30 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- 7/30/92
 /CONTACT: Paul Nobile of the AMEX, 212-306-2028/ CO: Columbus Energy Corporation ST: Colorado IN: OIL SU:


GK -- NY085 -- 5189 07/30/92 14:50 EDT
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Publication:PR Newswire
Date:Jul 30, 1992
Words:279
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