Printer Friendly

SECURITY ENVIRONMENTAL SYSTEMS ANNOUNCES EFFECTIVE DATE OF 1-FOR-3 REVERSE STOCK SPLIT

 GARDEN GROVE, Calif., July 22 /PRNewswire/ -- Stephen I. Grossman, president of Security Environmental Systems (NASDAQ: SENV) announced today that the shareholder-approved 1-for-3 reverse split of the company's common shares will be effective as of the opening of the market July 30, 1993. Upon the completion of the reverse split, the company will have approximately 3.25 million shares outstanding compared to the present 9.635 million shares outstanding. "We believe that the reverse stock split will position the company's shares for increased participation by institutional and other significant shareholders," said Grossman.
 Shareholders will be advised by written communication as to the procedure through which they can hold or exchange their shares for the split shares.
 Security Environmental Systems founded in 1972, disposes of hazardous waste and conducts inter-state transportation of hazardous waste. The company operates from facilities in Garden Grove, Vernon, Long Beach, Calif. and Roswell, N.M. Most recently, the company opened sales offices in El Paso, Texas and Northern California.
 -0- 7/21/93
 /CONTACT: Stephen I. Grossman, president of Security Environmental Systems, 213-262-3722; or William F. Coffin of Coffin Communications Group, 818-578-0500, for Security Environmental/
 (SENV)


CO: Security Environmental Systems ST: California IN: SU:

EH -- LA024 -- 4641 07/22/93 14:17 EDT
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:Jul 22, 1993
Words:206
Previous Article:GEMINI ENERGY CORP. TO DRILL NEW WELL
Next Article:GRAND CASINOS ANNOUNCES THE SIGNING OF AGREEMENTS WITH THE TEMECULA BAND OF LUISENO INDIANS
Topics:


Related Articles
DRUG SCREENING SYSTEMS ADJOURNS SPECIAL MEETING OF SHAREHOLDERS
SECURITY ENVIRONMENTAL SYSTEMS HOLDS SHAREHOLDERS MEETING, APPROVES 1-FOR-3 REVERSE STOCK SPLIT
ROYAL INTERNATIONAL OPTICAL INC. MAKES ANNOUNCEMENT
CS International Approves 1-For-2 Reverse Stock Split
Envirogen Board Approves Reverse Stock Split.
The Beard Company Declares 3-for-4 Reverse Stock Split; Advises That American Stock Exchange Has Applied to De-List the Company's Shares.
PTI Holding Announces Reverse Stock Split.
FiNet Announces a Reverse Stock Split.
ITEC Attractions Announces Privatization Plan.
RADA Electronic Industries Ltd. Declares 3-for-1 Reverse Stock Split.

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