CFCC- CORFACTS, INC. STOCK PRICE DOUBLES IN ONE DAY
MONDAY, AUGUST 23, 1999 9:12 AM
- PRNewswire
FREEHOLD, N.J., Aug 23, 1999 /PRNewswire via COMTEX/ -- Corfacts, Inc. (OTC Bulletin Board: CFCC) saw the price of its stock more than double in one day, (August 20th), from $0.36 to $0.76 per share.
Company officials, when asked, were unable to explain this dramatic price increase on heavy trading of 533,000 shares.
"We've been told by various market makers who follow our Company that there are very few bulletin board listed companies that are fully reporting (10Q and 10K) to the SEC, are in a growth industry, have increasing saleseach quarter and are solidly profitable with an excellent balance sheet. We meet all five of these criteria and the club seems to be a small one," said Ariel Freud, Vice President Investor Relations for Corfacts, Inc.
The Company provides inbound and outbound telemarketing services for clients throughout the United States in all industries, with divisions specializing in medical and financial services.
Prior to Friday's trading, the 52 week range was $.08 to $.51 per share.
This news release contains forward-looking statements. Such forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified and certain of which are discussed from time to time in the Company's filings with the Securities and Exchange Commission, including the Company's report on forms 10-K and 10-Q.
SOURCE Corfacts, Inc.
(C) 1999 PR Newswire. All rights reserved.
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CONTACT: Ariel Freud, Vice President of Corfacts, 800-696-7788
(CFCC)
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