Cavalier Homes (AMEX:CAV)
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American Stock Exchange Lists Common Stock of Cavalier Homes, Inc.
NEW YORK, March 5 /PRNewswire/ -- The American Stock Exchange(R) (Amex(R))
today listed the common stock of Cavalier Homes, Inc. under the ticker symbol
CAV.
Cavalier Homes, Inc. and its subsidiaries produce, sell, and finance a wide
range of manufactured homes, serving primarily markets in the South Central and
South Atlantic regions of the United States. Currently, more than 85% of the
homes manufactured by the Company at its seven plants are multi-sectional,
involving more than one floor, which undergo final assembly on site. For its
distribution system, Cavalier has chosen to build a network of independent
dealers, including independent exclusive dealers, which the Companybelieves
gives it many of the same efficiencies and market presence that captive retail
centers provide to other companies. Cavalier Homes is headquartered in Addison,
Alabama.
"We are pleased to welcome Cavalier Homes to the American Stock Exchange,"said
John McGonegal, senior vice president of the Amex Equities Group. "We look
forward to working with Cavalier Homes to build long-term shareholder value and
strengthened relationships with the investment community."
Commenting on Cavalier Homes move to the Amex, David Roberson, President and
Chief Executive Officer said, "We are pleased to announce our listing with the
American Stock Exchange and see it as an attractive step to help ensure that our
stockholders continue to benefit from an efficient and liquid market for our
common stock."
The specialist in Cavalier Homes, Inc. will be J.Streicher & Co. For further
information on CAV and other Amex-listed companies, please visit
http://www.amex.com/.
The American Stock Exchange(R) (Amex(R))is the only primary exchange that
offers trading across a full range of equities, options and exchange traded
funds (ETFs), including structured products and HOLDRS(SM). In addition to its
role as a national equities market, the Amex is the pioneer ofthe ETF,
responsible for bringing the first domestic product to market in 1993. Leading
the industry in ETF listings, the Amex lists 138 ETFs. The Amex is also one of
the largest options exchanges in the U.S., trading options on broad-based and
sectorindexes as well as domestic and foreign stocks. For more information,
please visit http://www.amex.com/.
DATASOURCE: The American Stock Exchange
CONTACT: Media - Jeanette Volpi, Amex, +1-212-306-1650,
Web site: http://www.amex.com/