Printer Friendly

SHARED TECHNOLOGIES INC. ANNOUNCES NASDAQ LISTING

 SHARED TECHNOLOGIES INC. ANNOUNCES NASDAQ LISTING
 WETHERSFIELD, Conn., Oct. 5 /PRNewswire/ -- Shared Technologies Inc.


(NASDAQ: STCHD) said effective Oct. 6 it will be listed on NASDAQ, trading under the interim symbol STCHD. After 30 days the "D" will be dropped from the symbol after which the stock will trade as STCH.
 "We are pleased to be relisted on NASDAQ. A difficult chapter in our history is behind us and we are now well positioned to resume the growth of our business," said Anthony D. Autorino, chairman and chief executive officer.
 The company recently completed a major debt/equity restructuring significantly improving its balance sheet and earnings. Projected earnings per share for the year ending Dec. 31, 1992, including the gain from restructuring is estimated to be between $.90 and $1.10 a share, a $2.50 per share improvement over 1991.
 The company provides telephone and data services to occupants of multi-tenant office buildings and convention centers in 53 buildings in 13 metropolitan areas, including Atlanta, Birmingham, Boston, Chicago, Hartford, Los Angeles, Mahwah, New Jersey, Memphis, Nashville, New Orleans, Phoenix, Seattle and Bellevue, Wash. The company is also engaged in providing cellular products and communications services to business clients.
 -0- 10/5/92
 /CONTACT: Paul R. Barry of Shared Technologies, Inc., 203-258-2435/
 (STCH) CO: Shared Technologies, Inc. ST: Connecticut IN: TLS SU:


PS-OS -- NY094 -- 6742 10/05/92 16:20 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Oct 5, 1992
Words:231
Previous Article:EPA BEGINS SUPERFUND CLEANUP AT THE WHITEHOUSE OIL PITS SUPERFUND SITE IN JACKSONVILLE, FLA.
Next Article:MOHAWK INDUSTRIES ANNOUNCES RECORD THIRD QUARTER EARNINGS UP 83 PERCENT
Topics:


Related Articles
GZA GEOENVIRONMENTAL TECHNOLOGIES ANNOUNCES STOCK REPURCHASE PROGRAM
HADRON, INC. ANNOUNCES MASSIVE SHAREHOLDER APPROVAL OF REVERSE SPLIT OF COMMON STOCK; 93 PERCENT OF SHARES VOTING FAVOR SPLIT
F&E RESOURCE SYSTEMS TECHNOLOGY, INC. ANNOUNCES REVERSE SPLIT OF COMMON STOCK
CODA MUSIC TECHNOLOGY, INC. ANNOUNCES CLOSING OF INITIAL PUBLIC STOCK OFFERING
BIOCONTROL SUBSIDIARY APPLIES TO NASDAQ
RECYCLING INDUSTRIES, INC. RECEIVES NASDAQ APPROVAL
WARP 10 COMMON SHARES APPROVED FOR U.S. REGISTRATION
VPTI to Submit Plan for Continued Nasdaq Listing
Ionica Lists on the Nasdaq Stock Market
NATK Announces Additional Nasdaq Filing Deficiency.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters