AMIGOS, CNGR GETS FULL NASDAQ LISTING, News below-
(BSNS WIRE) Crown Group, Inc. to be Listed On Nasdaq National Market; Sh
Crown Group, Inc. to be Listed On Nasdaq National Market; Shares Begin Trading
On National Market March 1, 1999
Business Editors
DALLAS--(BUSINESS WIRE)--Feb. 26, 1999--Crown Group, Inc.
(Nasdaq:CNGR) today announced that it has been approved for listing
on the Nasdaq National Market. Trading of the Company's common stock
on the Nasdaq National Market will begin on Monday, March 1, 1999,
under the symbol "CNGR".
"We are pleased to announce our move to the Nasdaq National
Market, which should improve Crown's visibility within the investment
community and broaden the universe of investors who can become
shareholders of the Company," stated Edward R. McMurphy, President and
Chief Executive Officer of Crown Group, Inc. "The Nasdaq National
Market listing represents the attainment of one of our stated
corporate objectives for Fiscal 1999, which has been a very exciting
year of progress for the Company. We intend to communicate with the
investment community on a regular basis, to assure that current and
potential shareholders are kept abreast of corporate developments and
our continuing efforts to enhance shareholder values."
Crown Group, Inc. is a publicly traded buy-out firm which seeks
to enhance shareholder value through the acquisition, development and
operation of small-cap companies with significant growth potential.
Crown Group currently owns (i) 100% of America's Car Mart and 80% of
Paaco Automotive Group, vertically integrated used car sales and
finance companies; (ii) 100% of Precision IBC, a firm specializing in
the sale and rental of intermediate bulk containers; (iii) 80% of
Concorde Acceptance Corporation, a sub-prime mortgage lender; (iv) 49%
of Casino Magic Neuquen, a casino operator in the Province of Neuquen,
Argentina; and (v) 80% of Home Stay Lodges, a partnership which is
involved in the development and operation of extended-stay lodging
facilities.
Crown Group, Inc. is headquartered in Dallas and its common stock
is traded on the Nasdaq SmallCap Market under the symbol "CNGR."
Effective March 1, 1999, its common stock will begin trading on the
Nasdaq National Market under the symbol "CNGR."
--30--lr/da*
CONTACT: Crown Group, Inc., Dallas
Edward R. McMurphy/Ed Preuss, Jr., 972/717-3423 |
