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CONSOLIDATED-TOMOKA LAND CO. MOVES TO THE AMERICAN STOCK EXCHANGE

CONSOLIDATED-TOMOKA LAND CO. MOVES TO THE AMERICAN STOCK EXCHANGE
 NEW YORK, Sept. 1 /PRNewswire/ -- Consolidated-Tomoka Land Co. of Daytona Beach, Fla., today began trading on the American Stock Exchange with the common stock opening at 14-1/2 on 100 shares. The stock trades under ticker symbol "CTO". The stock previously traded on NASDAQ's NMS. The company has chosen Goin & Company as its specialist unit.
 Consolidated-Tomoka Land Co. is a long term developer of land holdings, including approximately 29,000 acres of land in the Daytona Beach area, 4,500 acres of citrus groves and a fresh fruit packing plant in Lake Placid, and Indigo Lakes Hilton Golf and Tennis Resort in Daytona Beach. The company also has forestry, property leasing, and commercial and residential real estate operations.
 "Listing on the American Stock Exchange, and the company's recent two-for-one stock split in the form of a 100 percent stock dividend paid on Aug. 17, 1992, are actions being taken to improve the marketability of the company's stock," said Bob D. Allen, president and chief executive officer of Consolidated-Tomoka.
 For the fiscal year ended Dec. 31, 1991, Consolidated-Tomoka Land realized a net income of $3,193,000, up from a $12,661,000 loss for fiscal year end 1990.
 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- 9/1/92
 /CONTACT: Carrington C.S., north director of Equities Communications, 212-306-1662/
 (CTO) CO: Consolidated-Tomoka Land Co. ST: Florida IN: SU:


AH -- NY053 -- 5447 09/01/92 12:42 EDT
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Publication:PR Newswire
Date:Sep 1, 1992
Words:285
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