A.C.L.N. Limited to List on the New York Stock Exchange
LOS ANGELES, Jul 11, 2001 /PRNewswire via COMTEX/ -- A.C.L.N. Limited (Nasdaq: ACLNF chart, msgs), a global leader in the distribution and logistics of new and pre-owned automobiles, today announced plans to list on the New York Stock Exchange (NYSE). The listing is expected to occur on July 18, 2001, and the Company's common shares will trade under the ticker symbol "ASW." The Company's officers will be in New York City for the opening day, and will be talking to the investment community and the media that week.
A.C.L.N. Limited was founded in 1978, is headquartered in Cyprus, and has had compound annual growth rates in revenue and profit of approximately 50% and 60% respectively for the last four years. The Company shipped 36,439 new and used vehicles in the first quarter of 2001, up 122% year over year, and earned $0.93 cents per diluted share, up 50% compared to $0.62 per diluted share in the first quarter of 2000.
C.E.O. Aldo Labiad commented, "We are a very rapidly growing Company, and the listing on the New York Stock Exchange is an important development for us. The NYSE will enhance our visibility as we achieve new milestones, and as we continue to expand our ports of destination." |
