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UNITED MOBILE HOMES MOVES TO THE AMEX COMPANY PREVIOUSLY TRADED ON NASDAQ

 NEW YORK, Jan. 5 /PRNewswire/ -- The American Stock Exchange today began trading the common shares of United Mobile Homes, Inc. The company previously traded over-the-counter on the Nasdaq Small Cap Market.
 United Mobile Homes, (symbol: UMH), opened at 7-3/4 on 100 shares. The company currently has 5.2 million common shares outstanding.
 Spear, Leeds & Kellogg has been selected as the company's specialist firm.
 United Mobile Homes, based in Eatontown, N.J., is a real estate investment trust (REIT) which owns and operates twenty mobile home parks containing nearly 5,000 sites throughout New Jersey, New York, Ohio, Pennsylvania and Tennessee.
 Eugene Landy, president of United Mobile Homes said, "We decided to move our shares from Nasdaq's Small Cap System to the AMEX auction marketplace since the other four publicly owned REITS investing in manufactured home communities are exchange-listed companies. United is hopeful that this AMEX listing will attract institutional investors and assist United in becoming better known in the financial community."
 The American Stock Exchange, the nation's second largest stock exchange, is the only primary marketplace for both stocks and derivative securities in the United States.
 -0- 1/5/94
 /CONTACT: Manager, Communications of American Stock Exchange, 212-306-1635/
 (UMH)


CO: United Mobile Homes, Inc. ST: New Jersey IN: SU:

PS -- NY043 -- 9350 01/05/94 12:41 EST
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Publication:PR Newswire
Date:Jan 5, 1994
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