Unistar Announces Approval of Withdrawal From Listing on Amex
and Review Of
Previously Filed SEC Reports
DALLAS, Nov. 17 /PRNewswire/ -- Unistar Financial Service Corp. announced
today that the Securities and Exchange Commission ("SEC") has issued an order
granting the Company's application for the withdrawal of its common stock from
listing on the American Stock Exchange ("Amex"), effective November 15, 1999.
The Company filed the application for withdrawal as previously disclosed in
the Company's press release issued October 22, 1999.
The Company also announced that it is currently in the process of
reviewing the Company's reports previously filed with the SEC, including the
disclosures for prior acquisitions, which the Company expects may result in
the filing by the Company of amendments to its previously filed reports.
Until such time as the Company has completed its review, it does not intend to
seek to list its common stock on any other exchange or with any quotation
service.
Except for historical information, the forward-looking statements in this
news release involve risks and uncertainties and are subject to change based
on various factors, including competitive conditions in the insurance
industry, unpredictable developments in loss trends, changes in loss reserves,
market acceptance of new coverages and enhancements, and changes in levels of
general business activity and economic conditions.
SOURCE Unistar Financial Service Corp.
-0- 11/17/1999
/CONTACT: Unistar Financial Service Corp., 972-720-7190, or 972-720-7234/
/Company News On-Call: prnewswire.com or fax,
800-758-5804, ext. 127301/
/Web site: unistarfinancial.com
CO: Unistar Financial Service Corp. |
