Royal Financial Corporation New Ticker Symbol 'PMCY' and Name Change To Patriot Motorcycle Corporation Effective Monday July 16, 2001
CORONA, Calif., Jul 13, 2001 /PRNewswire via COMTEX/ -- Royal Financial Corporation (OTC Bulletin Board: ROYF), a manufacturer of motorcycles and accessories, announced today that it has been notified by the National Association of Security Dealers (NASD) OTC compliance department that effective with the start of trading on Monday July 16, 2001, it shares will trade on the OTC bulletin Board under the new trading symbol 'PMCY'. Royal Financial announced on July 12 that its name would change to Patriot Motorcycle Corporation and that it would effect a one for ten reverse stock split. The name change and reverse stock split will also be effective Monday, July 16.
Michel Attias, president of Royal Financial/Patriot, said, " We have redefined our corporate image and we anticipate that the name change and changes to our capital structure will solidify our new image with the financial community. Our management team is focused on building sales and name recognition for our product. We are confident that in doing so we will contribute to the development of increased shareholder value."
Patriot Motorcycle Corporation is focused on building and acquiring operating companies to serve the rapidly expanding markets for personal transportation and recreation. Patriot Motorcycle Corporation manufactures a line of popular custom motorcycles targeting the mid-price buyer. All motorcycles are manufactured at the Company's Corona, California facility. The Company sells it products through established dealers throughout the United States and around the world. Patriot's motorcycles continue to be in high demand as the backlog of orders for its unique designs continues to grow. Industry trends indicate that there are very few manufactures focused on the mid-price segment of the market, which is now greatly under-served.
For further information please contact Michel Attias of Patriot Motorcycle Corporation, +1-909-735-2682, patriotmc@prousa.com; or Shannon T. Squyres, President of Market Pathways, +1-949-955-1860, for Patriot Motorcycle Corporation.
SOURCE Patriot Motorcycle Corporation
CONTACT: Michel Attias of Patriot Motorcycle Corporation, +1-909-735-2682, patriotmc@prousa.com; or Shannon T. Squyres, President of Market Pathways, +1-949-955-1860, for Patriot Motorcycle Corporation
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