GAINSCO Announces Amex Listing
21 7월 2005 - 7:33AM
PR Newswire (US)
GAINSCO Announces Amex Listing DALLAS, July 20
/PRNewswire-FirstCall/ -- GAINSCO, INC. (OTC:GNAC) (BULLETIN BOARD:
GNAC) , a property and casualty insurance holding company
specializing in nonstandard personal automobile insurance, today
announced that it has been approved for listing on the American
Stock Exchange ("Amex"). GAINSCO's common stock is expected to
begin trading on the Amex under the ticker symbol "GAN" on July 25,
2005. "We are pleased to announce the listing of our common stock
on the American Stock Exchange. This is an important step in the
Company's ongoing development and growth," said Glenn W. Anderson,
President and Chief Executive Officer. "We expect this listing on a
nationally recognized exchange to enhance the visibility of our
Company within the investing public, as well as increase the
liquidity of our common shares for our shareholders." The Company's
American Stock Exchange Specialist will be HBH Specialists LLC. The
approval of the listing of GAINSCO's common stock on the Amex is
contingent upon GAINSCO being in compliance with all applicable
listing standards on the date it begins trading on the Amex, and
may be rescinded if the company is not in compliance with such
standards. GAINSCO, INC. is a Dallas, Texas-based holding company.
The Company's nonstandard personal automobile insurance products
are distributed through retail agents in Florida, Texas, Arizona,
Nevada and California. Its insurance company subsidiaries are
General Agents Insurance Company of America, Inc. and MGA Insurance
Company, Inc. Statements made in this release that are not
historical facts are forward- looking statements. Investors are
cautioned that important factors, representing certain known or
unknown risks and uncertainties, could cause actual results to
differ materially from those contained in the forward- looking
statements, and they should not place undue reliance on such
statements. These factors include, but are not limited to, risk
factors described in the Company's registration statement filed
with the Securities and Exchange Commission ("SEC") on May 24,
2005, and the factors identified from time to time in the Company's
other filings with the SEC, press releases and other
communications. A forward-looking statement is relevant only as of
the date the statement is made and the Company undertakes no
obligation to update any forward-looking statement to reflect
events or circumstances arising after the date on which the
statement was made. Website: http://www.gainsco.com/ DATASOURCE:
GAINSCO, INC. CONTACT: Scott A. Marek, Asst. Vice President-IR,
+1-214-647-0427, or Richard M. Buxton, Senior Vice President,
+1-214-647-0428, both of GAINSCO, INC., Web site:
http://www.gainsco.com/
Copyright