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American Stock Exchange Lists Common Stock of GAINSCO INC.
NEW YORK, July 25 /PRNewswire/ -- The American Stock Exchange(R) (Amex(R))
today listed the common stock of GAINSCO Inc. under the ticker symbol GAN.
GAINSCO, INC., through its subsidiaries, offers property and casualty
insurance, concentrating its efforts on the nonstandard personal automobile
market. Its products are distributed through retail agents in Arizona,
California, Florida, Nevada and Texas. The company was incorporated in 1978 and
is based in Dallas, Texas.
"We are pleased that GAINSCO has chosen the American Stock Exchange as its new
home," said John McGonegal, senior vice president of the Amex Equities Group.
"We hope to provide them with the resources a growing company needs to attract
the attention of a broader class of investors."
"We are pleased to announce the listing of our common stock on the American
Stock Exchange," said Glenn W. Anderson, President and Chief Executive Officer
of GAINSCO, INC. "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."
GAINSCO Inc. has selected HBH Specialists LLC as its specialist. For further
information on GAN 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 of the ETF,
responsible for bringing the first domestic product to market in 1993. Leading
the industry in ETF listings, the Amex lists 164 ETFs to date. The Amex is
also one of the largest options exchanges in the U.S., trading options on
broad-based and sector indexes as well as domestic and foreign stocks. For
more information, please visit http://www.amex.com/.
DATASOURCE: American Stock Exchange
CONTACT: Javier E. David of American Stock Exchange, +1-212-306-1440,
Web site: http://www.amex.com/