American Stock Exchange Lists the Common Stock of Velocity Asset Management, Inc.
09 August 2007 - 5:09PM
PR Newswire (US)
NEW YORK, Aug. 9 /PRNewswire/ -- The American Stock Exchange(R)
(Amex(R)) today listed the common stock of Velocity Asset
Management, Inc. under the ticker symbol JVI. Velocity Asset
Management is engaged in the acquiring, managing, collecting and
servicing of distressed assets consisting of consumer receivable
portfolios, interests in distressed real property and tax lien
certificates. The preferred stock trades under the Amex symbol
JVI.PR. "We are pleased to welcome Velocity Asset Management's
common stock to the American Stock Exchange," said John McGonegal,
Senior Vice President of Amex's Equities Group. "We have been
trading their Series A Convertible Preferred Stock since May 2006
and we look forward to trading both issues for many more years in
the future." "We are delighted that the Amex has approved
Velocity's common shares for listing, alongside our convertible
preferred shares, which are already Amex- listed," stated Velocity
Asset Management's President and CEO, Jack Kleinert. "We expect
that trading on the Amex will enhance our corporate visibility
among the investment community and increase trading liquidity of
the Company's common shares." The specialist for Velocity Asset
Management, Inc. will be AGS Specialist Partners. For further
information on JVI and other Amex-listed companies, please visit
http://www.amex.com/. About American Stock Exchange The American
Stock Exchange(R) (Amex(R)) 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 336 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:
Catherine Chantharaj of American Stock Exchange, +1-212-306-1689,
Web site: http://www.amex.com/
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