Printer Friendly

PYROCAP JOINS EMERGING COMPANY MARKETPLACE; COMPANY PREVIOUSLY TRADED OVER-THE-COUNTER

 NEW YORK, Jan. 10 /PRNewswire/ -- The Emerging Company Marketplace(R) at the American Stock Exchange today began trading the common shares and warrants of Pyrocap International Corporation. The company previously traded over-the-counter.
 The company's common, (symbol: PYR.EC), opened at 4 on 100 shares.
 Pyrocap additionally listed class A, B and C warrants. The company's class A warrants, (symbol: PYR.WS.A.EC), opened at 2-1/16 on 100 warrants; the class B warrants, (symbol: PYR.WS.B.EC), opened at 1 on 100 warrants and the class C warrants, (symbol: PYR.WS.C.EC), opened at 7/16 on 100 warrants.
 Cranmer and Cranmer, Inc./Cohen, Cohn, Duffy & McGowan, Inc. has been selected as the company's specialist firm.
 Pyrocap, based in Springfield, Va., is a specialty chemical manufacturer that produces and sells a fire suppressant compound used in fire fighting applications. The company currently is concentrating on developing additional compounds with agricultural applications.
 Theodore A. Adams, III, president and chief executive officer of Pyrocap said, "We are delighted to be listing our shares on the Emerging Company Marketplace at the American Stock Exchange. We feel that by listing Pyrocap on a recognized stock exchange, where investors' bids and offers have priority over those of the dealer, we are doing right by our shareholders.
 "The prestige and history of the AMEX and its auction market trading efficiencies, combined with the broad range of collateral services available to small issues like us, were key elements in our decision to pursue this listing. We look forward to a long and fruitful relationship with the AMEX."
 The Emerging Company Marketplace at the American Stock Exchange was launched in March, 1992, to provide companies in their initial growth stages with the benefits associated with trading in the AMEX auction market system.
 The American Stock Exchange, the nation's second largest stock exchange, is the only primary marketplace for both stocks and derivative securities in the United States.
 -0- 1/10/94
 /CONTACT: Melissa Grand, manager - communications of American Stock Exchange, 212-306-1635/
 (PYR)


CO: Pyrocap International Corporation ST: Virginia IN: CHM SU:

MP -- NY059 -- 0575 01/10/94 12:22 EST
COPYRIGHT 1994 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1994 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 10, 1994
Words:355
Previous Article:ADVANCE ROSS CORPORATION ANNOUNCES TWO-FOR-ONE STOCK SPLIT
Next Article:PIONEER RECEIVES PATENT FOR LOW-SAT SUNFLOWER
Topics:

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