Senior Care Industries Commences Trading On TheFrankfurt Stock Exchange.
Business Editors
ORANGE COUNTY, Calif.--(BUSINESS WIRE)-Sept. 26, 2000--Senior Care Industries, Inc. (NASDAQ: SENR) announced that its common stock has been approved for listing on the Third Segment of the Frankfurt Stock Exchange and has begun trading today.
The Frankfurt Stock Exchange is part of the Deutsche Borse and is the most successful of the European stock exchanges trading both in German Marks and in Euros. Frankfurt is Germany's leading stock exchange with a total annual volume in excess of $4 trillion U.S. In today's markets, the Frankfurt Stock Exchange has consolidated its position as the world's third largest securities trading center organized as a stock market. The Frankfurt trading symbol for Senior Care is SJ5 and may be accessed at http://www.exchange.de/INTERNET/EXCHANGE/index.htm.
Senior Vice President, John W. Cruickshank commented, "We are very pleased to have been approved for trading on the Frankfurt Stock Exchange. Trading on the Frankfurt exchange will make obtaining shares less problematic for German and European stockholders since shares may be traded in either German marks or Euros."
"We will officially kick off our listing with a multi-city road show early next year which is being organized by our European financial relations firm to formally introduce Senior Care to the investment community on the continent. We expect that trading on the Frankfurt exchange will provide substantially improved liquidity in our common stock overall."
The Geneva Group, Inc., facilitated Senior Care's listing on the Frankfurt exchange and is coordinating European investor relations.
Senior Care is dedicated to supporting all aspects of the senior marketplace. Currently, the Company is divided into three divisions. The housing division specializes in the development, construction and management of age-restricted senior housing, assisted living communities and commercial properties. The manufacturing division includes Nobel Furniture and the pharmaceutical division will soon include web based health products distributors as a feeder to manufacture and sell Senior Care's pharmaceutical products through an "E Commerce" pharmacy. There are plans to vertically integrate the company so Senior Care will be able to not only furnish its facilities from Nobel Furniture but also to feed and provide medication for seniors living in Senior Care developments.
Except for historical information contained herein, this document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks and uncertainties that may cause the Company's actual results or outcomes to be materially different from those anticipated and discussed herein. Further, the Company operates in industries where securities values may be volatile and may be influenced by regulatory and other factors beyond the Company's control. Other important factors that the Company believes might cause such differences are discussed in the risk factors detailed in the Company's 10-KSB for the year ended December 31, 1999 filed with the Securities and Exchange Commission. In assessing forward-looking statements contained herein, readers are urged to carefully read all cautionary statements contained in the Company's filings with the Securities and Exchange Commission.
