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TWENTY GROWTH COMPANIES SLATED TO LAUNCH NEW EMERGING COMPANY MARKETPLACE AT AMEX IN MARCH

 TWENTY GROWTH COMPANIES SLATED TO LAUNCH NEW
 EMERGING COMPANY MARKETPLACE AT AMEX IN MARCH
 NEW YORK, Feb. 25 /PRNewswire/ -- The American Stock Exchange today announced plans to launch the Emerging Company Marketplace(SM) (ECM/SM/) next month, by unveiling the number of companies expected to list, the names of the members of the expert panel who screen companies for listing, and the newly designed ECM service mark (Asterisk).
 The opening of the new marketplace, scheduled for March 18, is contingent upon Securities and Exchange Commission approval which is expected by early March. The Exchange expects that 15 to 20 companies will list on the new marketplace on day one, with another 30 anticipated by the end of the year.
 Meanwhile, the "blue-ribbon" panel of venture capital and growth company experts named by the Exchange several months ago has been quietly at work screening companies for the ECM.
 Industry Experts Review Company Quality
 "The use of the panel for a second evaluation is unique to this new marketplace. It ensures that candidate companies are viewed not only on a quantitative basis in meeting basic numerical criteria, but also on a qualitative basis as to their growth potential, investor interest and trading activity," said American Stock Exchange Chairman James R. Jones.
 The ECM screening committee, which includes both on and off-floor members of the Exchange as well as non-Amex members, consists of:
 -- Ned Hamarat, president of Beekman Capital Management.
 -- Dwight Lee, managing partner of Barker, Lee & Co.
 -- L. Keith Mullins, managing director of Smith Barney Harris Upham & Company.
 -- William J. Newman, senior vice president of Bankers Trust and Company.
 -- Alexander C. Schwartz Jr., managing director of Prudential Securities, Inc.
 -- George J. Stasen, former chairman of the board and director of Medical Technology Fund and Emerging Medical Technology Fund.
 -- John Westergaard, president of Westergaard Research and Publishing Corp.
 Committee members from the American Stock Exchange are:
 -- James A. Coufos of Spear, Leeds & Kellogg.
 -- Israel Englander of Englander Capital Corporation.
 -- Joseph Giamanco of G.H.M., Inc.
 -- Kenneth A. Hipkins of Kalb, Voorhis & Co.
 -- Steven Kimmel of Weiskopf, Silver & Company.
 -- Howard Lasher of The Lasher Group Inc.
 -- Paul Oscher of Oscher, Crooks & Co.
 -- George Reichhelm of A.G.S. Specialist Partners.
 Service Mark Developed
 The service mark for the new marketplace will be ".ECM" with the first two letters dotted to resemble letters on a stock ticker. The ECM is a proprietary service mark that will appear on all Exchange literature and advertising pertaining to the Emerging Company Marketplace.
 ECM: All Part of Amex's Strategic Plan
 One of the Exchange's goals, said Jones, is to become the premier marketplace for growth companies. "This new marketplace is a major step toward achieving that objective. The type of companies we list on the ECM are this country's hope for the future. Listing will allow them to develop these leadership qualities in a nurturing environment and in a liquid market with high visibility," Jones said.
 The ECM is a product of the strategic plan that has evolved at the Exchange since Jones took over as chairman in November 1989.
 "It's very basic," said Jones. "Our goal is total customer service. Discussions with prospect companies revealed there was pent-up demand from companies who wanted access to the auction market in their growth stages. This is especially true today when smaller companies have limited access to capital for expansion without incurring heavy debt as did so many in the 1980s.
 "The ECM fills that niche, broadening opportunities in the equity markets for smaller companies and affording them higher visibility at the same time."
 Companies interested in being considered for the Amex's new Emerging Company Marketplace are welcome to call Roland Savage at 212-306-1607.
 -0- 2/25/92
 /CONTACT: Sarah Luke, 212-306-1650, or Bob Shabazian, 212-306-1630, both of the American Stock Exchange/ CO: American Stock Exchange ST: New York IN: FIN SU: PDT


TS -- NY037 -- 2289 02/25/92 11:05 EST
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Date:Feb 25, 1992
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