TELESCAN STOCK GAINS LISTING ON THE NASDAQ STOCK MARKET; CHAIRMAN & CEO CALLS IT '... AN IMPORTANT STEP FOR THE COMPANY AND ITS SHAREHOLDERS'
HOUSTON, Nov. 4 /PRNewswire/ -- Telescan, Inc. (Telescan), chairman and CEO, David L. Brown, today announced that the company has gained approval for listing its stock on The Nasdaq Stock Market. Listing will begin on Friday, Nov. 5, under the symbol TSCN. Telescan is a leading provider of interactive on-line information technology. The company is best known for its in-depth financial services utilized by vendors such as Fidelity Investments Retail Services, Chas. Schwab & Co., other members of the financial community and over 80,000 subscribers. In recent years, the company has expanded the use of its technology through joint ventures with the American Institute of Architects (AIAOnline), Editor & Publisher Online, BPI Communications Online (Hollywood Reporter Online, Billboard Magazine Online and others), and Entrepreneurs Online. In addition, the company's wholly owned subsidiary Computer Sports Network provides online entertainment in the sports field through baseball and tournament golf leagues. Another subsidiary, Knowledge Express, is the leading technology transfer on-line system and is utilized by major universities and the federal government. The company's innovative network services feature its proprietary relevant/optimal search technology. The technology enables a user to make a simple English language request of a database to receive the information most pertinent to their inquiry. This capability equips Telescan's customers with the most powerful searching and screening tools in the on-line industry. In commenting on the listing, Brown said, "The listing on The Nasdaq Stock Market is an important step for the company and its shareholders. Nasdaq's multiple market makers provides issuers with competitive pricing, increased capital commitment, and continuous trading. Each of these ingredients are vital to the future of Telescan." For information on Telescan stock, the Market Makers are: Sanders Morris Mundy Inc. 1-800-346-9925 Paragon Securities 1-800-521-8877 Herzog Heine Geduld 1-800-966-7022 NAIB Securities 1-800-952-6559 Troster Singer 1-800-222-0890 WM Frankel Securities 1-800-631-3091 Information on Telescan corporate matters can be obtained from David L. Brown, chairman & CEO at 1-800/324-8246 or 713/952-1060. Media editorial information can be obtained from Richard Ames at 1-800/324- 8426 or 713/952-1060. -0- 11/4/93 /CONTACT: David L. Brown, chairman & CEO or Richard Ames, Media Communications of Telescan, 1-800-324-8246 or 713-952-1060/
CO: Telescan, Inc. ST: Texas IN: SU:
WB -- NY073 -- 0748 11/04/93 12:55 EST
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|Date:||Nov 4, 1993|
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