LAHA news:
Thursday April 6, 7:29 am Eastern Time
Company Press Release
Lahaina Acquisitions Announces Filing of
Application for Its Common Stock to be
Listed for Trading On the Nasdaq Stock
Market, Small Cap Market
ATLANTA--(BUSINESS WIRE)--April 6, 2000--Lahaina Acquisitions, Inc. (commonly known as ``The Accent
Group' or ``Accent') announced today that it has filed an application for its common stock to be listed for trading on
the Nasdaq Stock Market (on the Small Cap Market).
Management believes the Company now qualifies for being listed on the Nasdaq Small Cap Stock Market and is
confident that such a listing will be highly beneficial for many reasons, including the following:
(1) A Nasdaq listing should enable Accent to attract greater research
and analytical coverage in the investment banking and
broker-dealer community and result in increased exposure from the
financial press;
(2) A Nasdaq listing should enable the Company to broaden and
strengthen market-making activities in its stock and to attract
more institutional buying;
(3) A Nasdaq listing should enhance Accent's credibility and stature
in dealing with prospective acquisition candidates, adding support
to the Company's aggressive growth strategy;
(4) A Nasdaq listing should help to cement the Company's growing
emphasis on its on-line mortgage business, (as exemplified by its
recent strategic alliance with HelloNetwork.com), since the Nasdaq
Stock Market is widely perceived as the stock exchange of choice
for Internet and other technology-related companies; and
(5) The Nasdaq listing will provide the Company with a more highly
regulated trading environment.
L. Scott Demerau, Chairman and CEO of The Accent Group, commented: ``The Nasdaq Stock Market is where the
Company needs and wants to be. We believe it will open up many more doors to us in the investment community at
large, and will greatly benefit our present and future shareholders.'
About The Accent Group, Inc. (Lahaina Acquisitions, Inc.)
The Accent Group, Inc. operates a nationwide mortgage brokerage organization and has an on-line mortgage presence at
www.accentmortgage.com. Accent's goal is to become the recognized leader in the mortgage brokerage industry by
continuing to open new branches at a rapid pace, acquiring existing mortgage brokerage operations and using new and
revolutionary Internet-based technology to significantly increase loan closing productivity. Accent also operates a real
estate development division.
Safe Harbor Statement
Statements made in this press release, other than those concerning historical information, should be considered
forward-looking and subject to various risks and uncertainties. Such forward-looking statements are made based on
management's belief as well as well as assumptions made by, and information currently available to, management
pursuant to the `safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. Lahaina Acquisitions,
Inc. actual results may differ materially from the results anticipated in these forward-looking statements as a result of a
variety of factors, including those identified in Lahaina Acquisitions, Inc. Annual Report on Form 10-K for the fiscal
year ended September 30, 1999 and it's Quarterly Reports on Form 10-Q filed with the Securities and Exchange.
SOURCE: Lahaina Acquisitions, Inc.
Contact:
Lahaina Acquisitions, Inc.
Investors
Betty M. Sullivan
Executive Vice President & Chief Operating Officer
or
Frank Ketchum, Director of Investor Relations
770/754-6140. |
