Professor Pink, it seems that chubby Jenny's stock has slimmed down. Do you think that their clients figured out that paying a premium for food that is available in any grocery store is stupid?
-- PRESS RELEASE: Jenny Craig Shares Move To OTCBB --
Jenny Craig Announces Move to NASD Over-the-Counter Bulletin Board;
American Stock Exchange Application Pending
LA JOLLA, Calif., Aug. 16 /PRNewswire/ -- Jenny Craig, Inc. (OTC Bulletin
Board: JCGI) (formerly NYSE: JC) today announced that the Company's common stock
has begun trading on the Over-the-Counter (OTC) Bulletin Board effective August
16, 2001 under the symbol JCGI. Jenny Craig's application for listing on the
American Stock Exchange is pending.
As previously announced, the Company continues to explore strategic
alternatives through its financial advisor, Koffler & Company based in Los
Angeles, California.
About Jenny Craig
Founded in 1983, Jenny Craig, Inc. is one of the largest weight management
service companies in the world. The Company offers a comprehensive weight
management program that helps clients learn how to eat the foods they want,
increase their energy level through simple activity, and builds more balance in
their lives for optimal weight loss and well-being. The program includes
personal, one-on-one consultations at Jenny Craig centres, with menu plans that
are nutritionally balanced according to the recommendations of the USDA Food
Guide Pyramid and the U.S. Dietary Guidelines. Jenny Craig centres are located
in the United States, Canada, Australia, New Zealand, and Puerto Rico. At July
31, 2001, the Company owned 544 centres with an additional 111 centres owned by
franchisees, bringing the total number of centres in operation to 655. |
