NEWS - TRADING ON NASDAQ NATIONAL TO BEGIN|
ST. LOUIS--(BUSINESS WIRE)-- June 11, 1998--The Source Information Management Company (NASDAQ:SORC), a St. Louis based service provider of information gathering, consulting and other information based services to operators of mass merchandise, grocery, convenience and pharmacy stores, today announced that the Company has been approved as a National Market security, and will begin trading on the Nasdaq National Market system on Friday June 12, 1998.
The Company previously traded on the Nasdaq SmallCap Market.
The Source Information Management Company currently provides monitoring and documentation services to approximately 725 retailers, such as Wal-Mart stores, Inc., K-Mart Corporation , Target Stores, Inc., Food Lion, Inc., and W.H. Smith, Inc., in connection with processing and collection of incentive payments from magazine publishers on single copy sales of approximately 6,000 magazine titles offered in more than 65,000 stores.
Actual results may differ materially from "forward-looking" statements......