PMHX to trade on AMEX!
Company is also profitable..should give increased exposure to what has been a 'fly under the radar' type stock.
CULVER CITY, Calif.--(BUSINESS WIRE)--May 10, 2005--Prospect Medical Holdings, Inc. ("Prospect Medical"), a managed care management company serving 10 affiliated Independent Physician Associations ("IPAs") in Southern California, today announced that its common stock is expected to commence trading on the American Stock Exchange ("AMEX") on May 11, 2005 under the symbol PZZ. The stock had traded on the Pink Sheets under the symbol PMHX.
This approval is contingent upon the Company being in compliance with all applicable listing standards on the date it begins trading on the AMEX, and may be rescinded if the Company is not in compliance with such standards.
Dr. Jack Terner, Chairman and Chief Executive Officer of Prospect Medical, commented, "We are very pleased to announce this significant corporate milestone. We believe that this listing will elevate Prospect Medical's profile in the investor community, provide enhanced liquidity for investors and strengthen our competitive position. We continue to execute on our disciplined and deliberate acquisition strategy, and believe that the IPA market in southern California is ripe for further consolidation."
