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INITIAL PUBLIC OFFERING OF TRI-LITE INC. TRADES ON AMEX

 NEW YORK, Oct. 20 /PRNewswire/ -- Tri-Lite Inc., today began trading its initial public offering of common shares and warrants on the American Stock Exchange.
 Trading under ticker symbol NRG, the company's common stock opened at 6 on 19,900 shares.
 Trading under ticker symbol NRG.WS, the company's warrants opened at 1-9/16 on 8,000 warrants.
 GHM, Inc. has been selected as the company's specialist firm.
 Irvine, Calif.-based, Tri-Lite Inc. is engaged in two related lighting businesses. The company designs and markets a variety of lighting systems and fixtures, and is involved in electrical energy management.
 A. Alvin Katz, chairman and chief executive officer, said, "In our efforts to trade Tri-Lite publicly we explored many different avenues, relying upon the expertise of financial professionals on Wall Street and in our backyard. Time and time again, we were recommended to list on the AMEX. The overall consensus was that an AMEX listing would provide our company and its shareholders with the most fair and orderly market in which to trade. We feel that trading in a specialist-based marketplace, where public orders are given priority is in the best interest of all those who will invest in Tri-Lite."
 The American Stock Exchange is unique among U.S. financial markets. It is the only exchange to successfully provide both a primary equities market for growth companies and a principal market for derivatives. The American Stock Exchange is dedicated to providing both public and professional investors with superior trading products and services at competitive prices.
 -0- 10/20/93
 /CONTACT: Melissa Grand, manager of communications of the American Stock Exchange, 212-306-1635/
 (NRG)


CO: Tri-Lite Inc. ST: California IN: SU:

CK -- NY056 -- 4600 10/20/93 12:55 EDT
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Publication:PR Newswire
Date:Oct 20, 1993
Words:286
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