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Ballantyne of Omaha Shares to Trade on American Stock Exchange
Ballantyne of Omaha, the manufacturer of motion picture projection and specialty lighting equipment, has announced that its common stock has been approved for listing on the American Stock Exchange. It is expected to commence trading on the Amex under the symbol ‘BTN’ on Friday, 24th September, 2004.
John P. Wilmers, president and chief executive officer of Ballantyne, commented: "We are pleased to return home to the Amex where our shares first listed after the company's initial public offering in 1995. Listing on the Amex marks another important milestone for Ballantyne, as it acknowledges the company's financial accomplishments over the past 18 months and excellent future prospects, as well as the leadership position it maintains in the commercial motion picture projection equipment industry. We anticipate the listing will also increase our corporate visibility, provide enhanced liquidity for our shareholders and make it easier for prospective retail and institutional investors to purchase our common stock."
Ballantyne of Omaha is expected to stop trading on the OTC Bulletin Board at the close of business on Thursday, 23rd September, 2004. The approval of the listing of the common stock on Amex is contingent upon the Company being in compliance with all applicable listing standards on the date it begins trading on the Exchange, and may be rescinded if the Company is not in compliance with such standard.
22nd September 2004
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