The Archipelago Exchange(SM) (ArcaEx(R)) Announces Exclusive Listing of American Dairy, Inc.
19 4월 2005 - 4:10AM
PR Newswire (US)
The Archipelago Exchange(SM) (ArcaEx(R)) Announces Exclusive
Listing of American Dairy, Inc. CHICAGO, April 18
/PRNewswire-FirstCall/ -- The Archipelago Exchange(SM) (ArcaEx(R)),
the world's largest fully-electronic stock exchange, today
announced that American Dairy, Inc., one of the leading producers
and distributors of milk powder and soybean products in China, has
listed exclusively on ArcaEx, a facility of the Pacific Exchange,
under the four character symbol: ADIY. "American Dairy's listing on
ArcaEx is an exciting move for both the company and its investors
as they stand to benefit from more liquidity and better
information," said Jerry Putnam, CEO of the Archipelago Exchange.
"This listing is also an important win for ArcaEx as we continue to
expand our listings business which has seen increased momentum with
other companies recently listing." "It has been a long-standing
goal of American Dairy's to list on a major U.S. stock exchange
since becoming a U.S. publicly traded company in January 2003, and
we are excited to become part of an organization that stands for
competition and transparency and provides a top quality trading
environment to all investors," says Leng You-Bin, CEO of American
Dairy. In addition to providing the advantages of fully-electronic
trading, ArcaEx enables NYSE-, Amex- and Nasdaq-listed companies
and their investors to reap the benefits of ArcaEx's investor
focused market structure. ArcaEx operates as an all-electronic
auction market, with an open limit order book matching buyers and
sellers directly based on simple price and time priority, leveling
the playing field for all market participants. Currently over 230
companies are listed by PCX for trading on ArcaEx. In addition to
its own listings, ArcaEx trades all NYSE, Nasdaq, and Amex listed
stocks. Archipelago Holdings, Inc., the parent company of ArcaEx,
announced on January 3, 2005 that the company has entered into a
definitive agreement to acquire PCX Holdings, Inc., parent company
of the Pacific Exchange and PCX Equities, Inc. About ArcaEx
Archipelago Holdings (PCX:AX) operates The Archipelago Exchange(SM)
(ArcaEx(R)) the first totally open all-electronic stock exchange in
the United States. ArcaEx trades all Nasdaq-listed equity
securities and exchange listed equity securities, including those
listed on the New York Stock Exchange(R), American Stock
Exchange(R), and Pacific Exchange(R). In addition to offering core
execution services, ArcaEx provides corporate clients with listing
services and innovative data products. In 2004, Archipelago
launched ArcaVision to provide corporate and trading clients with
more transparent market data, analytical tools and access to
market-wide and ArcaEx specific trading information. Archipelago
Holdings completed its initial public offering in August 2004. For
more information please visit http://www.arcaex.com/. About
American Dairy American Dairy, Inc. conducts operations in the
People's Republic of China ("China") through its wholly owned
subsidiary Feihe Dairy. Founded in 1962, Feihe Dairy is one of the
leading producers and distributors of milk powder and soybean
products in China. Feihe Dairy is located in Kedong County, China
and has been in operation since 2001. American Dairy also has a
milk powder processing plant, Sanhao Dairy, in Kedong County,
China. Forward-Looking Statements Certain statements in this press
release may contain forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. These
statements are based on Archipelago's current expectations and
involve risks and uncertainties that could cause Archipelago's
actual results to differ materially from those set forth in the
statements. There can be no assurance that such expectations will
prove to be correct. Factors that could cause Archipelago's results
to differ materially from current expectations include: general
economic and business conditions, industry trends, competitive
conditions, regulatory developments as well as other risks or
factors identified in the Company's filings with the Securities
Exchange Commission, including its Report on Form 10-K for the
fiscal year ending December 31, 2004 which is available on the
Company's website at http://www.archipelago.com/. You should not
place undue reliance on forward- looking statements, which speak
only as of the date of this press release. Except for any
obligation to disclose material information under the Federal
securities laws, Archipelago undertakes no obligation to release
publicly any revisions to any forward-looking statements to reflect
events or circumstances after the date of this press release.
Contact: Archipelago Margaret Nagle 312-442-7083 DATASOURCE: The
Archipelago Exchange(SM) CONTACT: Margaret Nagle of Archipelago
Exchange, +1-312-442-7083 Web site: http://www.archipelago.com/
http://www.arcaex.com/
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