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Technology Stocks : EDAC--What's up with these guys?

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To: Richard L. Williams who wrote ()4/9/1998 4:03:00 PM
From: Thomas F. Knight   of 17
 
Hi All,
EDAC Technologies Begins to Begin Trading On Nasdaq National Market System....

Things look good for EDAC; their stock price has begun to rise again, while they are not trying to "advertise" themselves the way that a lot of companies tend to do when they lack fundamentals. Instead, they are proving that their fundamentals are strong.

As evidence consider this:

EDAC Technologies Begins to Begin Trading On Nasdaq National Market System
10:23 a.m. Apr 07, 1998 Eastern

FARMINGTON, Conn.--(BUSINESS WIRE)--April 7, 1998--EDAC Technologies Corporation, which designs and manufactures tools, fixtures, special machines, jet engine components and spindles, announced today that its common stock, currently traded on the NASDAQ SmallCap Market, has begun trading on the NASDAQ National Market System effective today, April 7, 1998. The stock will continue to trade under the symbol EDAC.

Edward J. McNerney, EDAC's president and CEO, noted that EDAC was accepted for listing after meeting the more stringent criteria of the NASDAQ National Market. "This listing recognizes EDAC's continued growth and financial progress, and should benefit both our shareholders and the investment community through heightened visibility and liquidity," McNerney said.

EDAC Technologies Corporation, also known as Gros-Ite Industries, primarily offers design and manufacturing services for the aerospace industry in areas such as jet engine parts, equipment and gauges, special tooling and components used in the manufacture, assembly and inspection of jet engines. Gros-Ite Spindle specializes in the design, manufacture and repair of precision spindles, which are an integral part of numerous machine tools which are found in virtually any type of manufacturing environment.

Copyright 1998, Business Wire
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