Metropolitan Health (AMEX:MDF)
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The Archipelago Exchange(SM) (ArcaEx(R)) Announces Dual Listing
of Metropolitan Health Networks
CHICAGO, March 7 /PRNewswire-FirstCall/ -- The Archipelago Exchange(SM)
(ArcaEx(R)), the world's largest fully-electronic stock exchange, today
announced that Metropolitan Health Networks (AMEX:MDF), a leading regional
provider of healthcare services, has dually listed on ArcaEx, a facility of the
Pacific Exchange.
"Metropolitan Health Networks is a great addition to the roster of Archipelago
Exchange-listed companies," said Jerry Putnam, CEO of Archipelago. "ArcaEx
provides an ideal listing venue for companies looking to expand their exposure
and visibility among a broad range of investors."
"Listing on the nation's first totally open all-electronic stock exchange is an
exciting event for us and our shareholders," commented Michael Earley, Chairman
and Chief Executive Officer of Metropolitan Health Networks. "We believe our
dual listing on ArcaEx, an extremely efficient and well-connected exchange,
will help us gain exposure and increase recognition across the investment
community."
Metropolitan Health Networks is the third dual listing on ArcaEx in 2005,
following insurer AIG and electronic options brokerage optionsXpress.
In addition to providing the advantages of fully-electronic trading, ArcaEx
enables NYSE- , Amex- and Nasdaq-listed companies and their investors to reap
the benefits of ArcaEx's investor focused market structure. ArcaEx operates as
an all-electronic auction market, with an open limit order book matching buyers
and sellers directly based on simple price and time priority, leveling the
playing field for all market participants.
Currently over 230 companies are listed by PCX for trading on ArcaEx. In
addition to its own listings, the exchange trades all NYSE, Nasdaq, and Amex
listed stocks. Archipelago Holdings, Inc., the parent company of ArcaEx,
announced on January 3, 2005 that the company has entered into a definitive
agreement to acquire PCX Holdings, Inc., parent company of the Pacific Exchange
and PCX Equities, Inc.
About ArcaEx
Archipelago Holdings (PCX:AX) operates The Archipelago Exchange SM (ArcaEx(R))
the first totally open all-electronic stock exchange in the United States.
ArcaEx trades all Nasdaq-listed equity securities and exchange listed equity
securities, including those listed on the New York Stock Exchange(R), American
Stock Exchange(R), and Pacific Exchange(R). In addition to offering core
execution services, ArcaEx provides corporate clients with listing services and
innovative data products. In 2004, Archipelago launched ArcaVision to provide
corporate and trading clients with more transparent market data, analytical
tools and access to market-wide and ArcaEx specific trading information.
Archipelago Holdings completed its initial public offering in August 2004. For
more information please visit http://www.arcaex.com/.
About Metropolitan Health Networks, Inc.
Metropolitan is a growing healthcare organization in Florida that provides
comprehensive healthcare services for Medicare Advantage members and other
patients in South and Central Florida. To learn more about Metropolitan Health
Networks, Inc. please visit its website at http://www.metcare.com/.
Forward-Looking Statements
Certain statements in this press release may contain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995.
These statements are based on Archipelago's current expectations and involve
risks and uncertainties that could cause Archipelago's actual results to differ
materially from those set forth in the statements. There can be no assurance
that such expectations will prove to be correct. Factors that could cause
Archipelago's results to differ materially from current expectations include:
general economic and business conditions, industry trends, competitive
conditions, regulatory developments as well as other risks or factors
identified in Archipelago's Registration Statement on Form S-1, dated August
12, 2004, and Quarterly Report on Form 10-Q, dated November 9, 2004, each of
which was filed with the SEC and is available on Archipelago's website:
http://www.archipelago.com/.
Contact:
Archipelago
Margaret Nagle
312-442-7083
DATASOURCE: The Archipelago Exchange
CONTACT: Margaret Nagle of Archipelago, +1-312-442-7083
Web site: http://www.archipelago.com/
http://www.metcare.com/
http://www.arcaex.com/