Applied Imaging Announces Reverse Stock Split
20 5월 2005 - 5:21AM
PR Newswire (US)
Applied Imaging Announces Reverse Stock Split SAN JOSE, Calif., May
19 /PRNewswire-FirstCall/ -- Applied Imaging Corp. (NASDAQ:AICX)
today announced that on May 19, 2005, it obtained stockholder
approval to effect a proposed reverse stock split at the Company's
annual meeting of stockholders, and that its board of directors
then implemented a 1-for-4 reverse stock split. Pursuant to the
stock split, each holder of Applied Imaging common stock will
receive one newly-issued share for each four shares held as of May
19, 2005. Applied Imaging's transfer agent, Wells Fargo Shareowner
Services of St. Paul, Minnesota, will act as the administrator for
the reverse stock split. Applied Imaging's common stock will begin
trading on the Nasdaq SmallCap Market on a reverse split basis as
of the opening of trading on May 20, 2005. For a period of 20
trading days, shares of Applied Imaging's common stock will trade
under the ticker "AICXD." After 20 trading days, trading is
expected to resume under the ticker "AICX." About Applied Imaging
Applied Imaging Corp., based in San Jose, California, is the
leading supplier of automated imaging and image analysis systems
for the detection and characterization of chromosomes and molecular
markers in genetics and pathology laboratories. The Company
develops, manufactures and markets a range of scanning and image
analysis systems for both conventional (brightfield) and
fluorescent microscopic analysis of cellular and tissue specimens.
Products are sold to hospital laboratories, cancer centers,
prenatal clinics and research institutions for both research and
clinical purposes. The Company has installed over 3,500 of its
systems in over 1000 laboratories in more than 60 countries around
the world. Beyond its core business, through its wholly-owned
subsidiary, CTC, Inc., the Company is also developing a system for
the detection, quantification and characterization of tumor cells
in the blood of cancer patients. More information about Applied
Imaging can be found at http://www.aicorp.com/. Code: AICXG
Contacts: For More Information: CCG Investor Relations Crocker
Coulson, President 15300 Ventura Boulevard, Suite 303 Sherman Oaks,
CA 91403 (818) 789-0100 Applied Imaging Corp. Terry Griffin, Chief
Financial Officer 120 Baytech Drive, San Jose, CA 95134 (408)
719-6400 DATASOURCE: Applied Imaging Corp. CONTACT: Crocker
Coulson, President of CCG Investor Relations, +1-818-789-0100, ,
for Applied Imaging Corp.; or Terry Griffin, Chief Financial
Officer of Applied Imaging Corp., +1-408-719-6400, Web site:
http://www.aicorp.com/
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