Group Nine Acquisition (NASDAQ:GNAC)
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GAINSCO Announces Amex Listing
DALLAS, July 20 /PRNewswire-FirstCall/ -- GAINSCO, INC. (OTC:GNAC) (BULLETIN
BOARD: GNAC) , a property and casualty insurance holding company specializing
in nonstandard personal automobile insurance, today announced that it has been
approved for listing on the American Stock Exchange ("Amex"). GAINSCO's common
stock is expected to begin trading on the Amex under the ticker symbol "GAN" on
July 25, 2005.
"We are pleased to announce the listing of our common stock on the American
Stock Exchange. This is an important step in the Company's ongoing development
and growth," said Glenn W. Anderson, President and Chief Executive Officer.
"We expect this listing on a nationally recognized exchange to enhance the
visibility of our Company within the investing public, as well as increase the
liquidity of our common shares for our shareholders."
The Company's American Stock Exchange Specialist will be HBH Specialists LLC.
The approval of the listing of GAINSCO's common stock on the Amex is contingent
upon GAINSCO being in compliance with all applicable listing standards on the
date it begins trading on the Amex, and may be rescinded if the company is not
in compliance with such standards.
GAINSCO, INC. is a Dallas, Texas-based holding company. The Company's
nonstandard personal automobile insurance products are distributed through
retail agents in Florida, Texas, Arizona, Nevada and California. Its insurance
company subsidiaries are General Agents Insurance Company of America, Inc. and
MGA Insurance Company, Inc.
Statements made in this release that are not historical facts are forward-
looking statements. Investors are cautioned that important factors,
representing certain known or unknown risks and uncertainties, could cause
actual results to differ materially from those contained in the forward-
looking statements, and they should not place undue reliance on such
statements. These factors include, but are not limited to, risk factors
described in the Company's registration statement filed with the Securities and
Exchange Commission ("SEC") on May 24, 2005, and the factors identified from
time to time in the Company's other filings with the SEC, press releases and
other communications. A forward-looking statement is relevant only as of the
date the statement is made and the Company undertakes no obligation to update
any forward-looking statement to reflect events or circumstances arising after
the date on which the statement was made.
Website: http://www.gainsco.com/
DATASOURCE: GAINSCO, INC.
CONTACT: Scott A. Marek, Asst. Vice President-IR, +1-214-647-0427, or
Richard M. Buxton, Senior Vice President, +1-214-647-0428, both of GAINSCO,
INC.,
Web site: http://www.gainsco.com/