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Microcap & Penny Stocks : International Nursing Services Inc, old (NURS) new (MDIX)

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To: Linda Kaplan who wrote (239)1/20/1998 3:42:00 PM
From: Early Out  Read Replies (2) of 2911
 
From a December press release:

Dec. 23, 1997, International Nursing Services Inc. (Nasdaq:NURS - news) said shareholders at an annual meeting on January 30 will vote on a reverse stock split on common and a change of the company's name to Medix Resources Inc.

NURS stated that the reverse split will take place if on February 2 the reported last sale price of the company's stock has not been over $1.25 for each of the previous 10 days. The reverse split could range from one-for-two to one-for-ten. The effective date of the reverse split will be February 18.
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