Printer Friendly

COLUMBUS ENERGY MOVES UP TO THE AMERICAN STOCK EXCHANGE PREVIOUSLY TRADED ON THE EMERGING COMPANY MARKETPLACE

 NEW YORK, March 11 /PRNewswire/ -- The American Stock Exchange today announced that the common stock of Columbus Energy Corporation of Denver, listed since July 30, 1992 on the AMEX's Emerging Company Marketplace (ECM), has been approved for trading on the Exchange's primary list. Trading under ticker symbol "EGY", the stock opened at the 9:30 a.m. bell today. Bear Stearns, J. Kaufman will continue as the company's specialist firm.
 Harry A. Trueblood, Jr., president of Columbus Energy Corp., commented, "Being listed on the Emerging Company Marketplace proved to be a great experience and quite frankly exceeded our expectations. We are confident that, based on our own past experience, a regular listing will prove even more beneficial to our shareholders in terms of liquidity and recognition. Further, management believes that because the trading of Columbus' shares will continue to be reported in most major daily newspapers throughout the U.S., new investors will become aware of our outstanding history of growth in reserve assets and cash earnings achieved in five years as a publicly-owned company."
 James R. Jones, chairman and chief executive officer of the American Stock Exchange, said, "The ECM fills an important need for small companies that need the efficiencies of the auction market environment to help them grow." He added, "Columbus Energy's graduation is testimony that the concept works, and we believe more young companies like Columbus will recognize the opportunities inherent in the auction market."
 Columbus Energy Corporation, the eighth ECM company to join the nearly 900 companies fully qualified for AMEX listing, is an independent energy company involved in exploration and production activities in the U.S. and Canada. The company will continue to be listed on the Pacific Stock Exchange, where it has been trading since 1988.
 Columbus recently reported that fiscal 1992 produced records in gross revenues, oil and natural gas sales, as well as cash flow and net earnings per share. The latter were $1.86 and $.83 per share respectively.
 The Emerging Company Marketplace was created to provide companies in their growth stages with the full benefits of the auction market system. 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- 3/11/93
 /CONTACT: Paul Nobile, manager, equities communications of The American Stock Exchange, 212-306-2028/
 (EGY)


CO: Columbus Energy Corporation ST: Colorado IN: OIL SU:

LR -- NY046 -- 5106 03/11/93 12:48 EST
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:Mar 11, 1993
Words:432
Previous Article:CREDIT BANK A.E. ESTABLISHES ADR FACILITY
Next Article:DUFF & PHELPS: GREAT-WEST LIFE ASSURANCE COMPANY AND GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY CLAIMS PAYING ABILITIES RATED 'AAA'
Topics:


Related Articles
COLUMBUS ENERGY DISCOVERS EMERGING COMPANY MARKETPLACE AT THE AMERICAN STOCK EXCHANGE
ENVIRONMENTAL DIAGNOSTICS, INC., MOVES UP TO THE EMERGING COMPANY MARKETPLACE AT THE AMERICAN STOCK EXCHANGE
MEDIALOGIC, INC. LISTS ON THE AMERICAN STOCK EXCHANGE; PREVIOUSLY TRADED ON THE EMERGING COMPANY MARKETPLACE
INTERTEL COMMUNICATIONS, INC. BEAMS UP TO THE AMERICAN STOCK EXCHANGE
ALTA ENERGY CORPORATION MOVES UP TO THE AMERICAN STOCK EXCHANGE PRIMARY LIST; COMPANY PREVIOUSLY TRADED ON THE EMERGING COMPANY MARKETPLACE
RELIV' INTERNATIONAL, INC. MOVES UP TO THE AMEX PRIMARY LIST; COMPANY PREVIOUSLY TRADED ON THE EMERGING COMPANY MARKETPLACE
NORTHERN TECHNOLOGIES INTERNATIONAL GRADUATES TO AMERICAN STOCK EXCHANGE; COMPANY PREVIOUSLY LISTED ON EMERGING COMPANY MARKETPLACE
TOP SOURCE, INC. CLIMBS FROM THE EMERGING COMPANY MARKETPLACE TO THE AMERICAN STOCK EXCHANGE PRIMARY LIST
AMERICAN ELECTRIC POWER CHANGES STOCK LISTING TO AEP
AEP Resources to Acquire Midstream Natural Gas Assets from Equitable Resources

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