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STATORDYNE CORPORATION LISTS ON THE EMERGING COMPANY MARKETPLACE AT THE AMERICAN STOCK EXCHANGE

 NEW YORK, June 22 /PRNewswire/ -- Statordyne Corporation today commenced trading on the Emerging Company Marketplace at the American Stock Exchange. The company's common stock with puts, trading under the ticker symbol "STY.P.EC", opened at 10:45 a.m. at 6-1/2 on 100 shares. The company's common stock purchase warrants, trading under the symbol "STY.WS.EC", opened at 10:45 at 1-7/8 on 20,000 warrants. Statordyne Corporation has selected GHM, Inc. as its specialist firm.
 Statordyne Corporation, headquartered in Anaheim, Calif., is engaged in the design, manufacture and marketing of a line of proprietary products for the power quality, standby and no-break power service industries. Statordyne has an exclusive license on a patented power quality enhancement and generation technology (the "StatordyneTM System") that will protect power sensitive facilities such as hospitals, telecommunications centers, automated factories and data processing sites against short duration electrical power disturbances and long-term outages of utility power.
 "Listing on the Emerging Company Marketplace is the right decision for Statordyne," said James M. Moore, chairman and chief executive officer of Statordyne Corporation, "Centralized auction market trading will serve our shareholders' best interests. We believe an ECM listing will mean greater liquidity & broad visibility in the investment community. Also, it will provide our shareholders with a more efficient investing environment."
 The Emerging Company Marketplace at the American Stock Exchange was created in March of 1992 to provide companies in their initial growth stages with the benefits associated with listing on the AMEX Primary List.
 The American Stock Exchange occupies a unique niche among U.S. financial markets. It is the only exchange to successfully provide both a primary equities market for growth companies, as well as a principal market to trade derivatives. No other exchange has balanced traditional and cutting edge trading products. And because of the efficiencies associated with the AMEX auction marketplace, investors of all sizes achieve the greatest value and protection.
 -0- 6/22/93
 /CONTACT: Melissa Grand, manager, Equities Communications of The American Stock Exchange, 212-306-1635/
 (STY)


CO: Statordyne Corporation ST: California IN: SU:

PS -- NY041 -- 4523 06/22/93 11:31 EDT
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Publication:PR Newswire
Date:Jun 22, 1993
Words:354
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