THREAD ALERT:
VNCOE .20 x .21 going to American Stock Exchange
finance.yahoo.com
Friday April 28, 8:29 am Eastern Time
Company Press Release
Vencor International, Inc. Management to Join American Stock
Exchange and Open N.Y. Office
Senior Management Continues to Develop New E-Business Strategy
LOS ANGELES--(BUSINESS WIRE)--April 28, 2000--David Harkham, President of Vencor International, Inc. (NASDAQ BB:VNCO - news) today announced that the executive committee of
the company has voted to join the American Stock Exchange.
Sean Foley, Vice President of Technology and Systems at Vencor commented, ``We see great benefits to joining the Amex. The costs of staying on the Nasdaq Bulletin Board were comparable to our new listing on the American Stock Exchange. In addition, we believe our unique business strategy will gain more institutional attention and support and thereby increase our existing shareholder base.''
Chairman James Althoff added, ``We ask shareholders to be patient during the process of switching our listing to the American Stock Exchange. We believe the end results for our firm far outweigh the short-term inconveniences involved in such a transfer. I invite our shareholders to call us directly if they have any questions regarding this exciting new development.''
David Harkham, President of Vencor International, Inc., also today announced the creation of a new East Coast office. The office will be located at 1466 Broadway, Suite 905 in New York City and should be completed by June 30, 2000. Harkham said, ``Vencor will now have a physical presence
in the Manhattan apparel community. We will staff this office with top salespeople and Internet professionals. This team will be in the heart of the action, close to Silicon Alley and directly in the center of the garment trade worldwide.''
Harkham continued, ``This new office is a crucial step towards achieving our goals. I am excited to meet with our clients in the New York area. I also look forward to spending time with the investment community in New York to explain our extraordinary opportunities.''
Safe Harbor Statement:
Except for historical information contained herein, the matters discussed in this news release are
forwarding-looking statements that involve risks and uncertainties, including but not limited to the
Company's unpredictability of future revenues, potential fluctuations in quarterly operating results,
seasonality, competition, risks associated with system development and operation risks, management
of potential growth and risks of new business areas and strategic alliances.
Contact:
Vencor International, Inc.
Phillip Dragna, 213/893-7116 |
