American Stock Exchange Lists Common Stock of BPI Industries Incorporated
December 13 2005 - 9:26AM
PR Newswire (US)
NEW YORK, Dec. 13 /PRNewswire/ -- The American Stock Exchange(R)
(Amex(R)) today listed the common stock of BPI Industries
Incorporated, under the ticker symbol BPG. Cleveland, Ohio-based
BPI Industries Inc. (BPI) is an independent energy company engaged
in the exploration, production and commercial sale of coalbed
methane (CBM) in the Illinois Basin, which covers approximately
60,000 square miles in Illinois, southwestern Indiana and
northwestern Kentucky. The company currently controls the dominant
CBM acreage position in the Illinois Basin at 418,435 acres. "The
American Stock Exchange welcomes BPI Industries to our market,"
said John McGonegal, senior vice president of the Amex Equities
Group. "The Amex is listing energy companies in ever increasing
numbers, and we anticipate BPI will find our services useful as it
strives to compete in this highly important sector." James Azlein,
president and chief executive officer of BPI Industries, said: "As
we execute our strategic plan to prove up ever greater portions of
our mineral rights portfolio, the improved access to the capital
markets that a national stock listing affords us will stand us in
good stead. A senior U.S. exchange listing is a significant
benchmark in the development of our company and further underscores
our commitment to enhancing shareholder value for current and
prospective investors." The specialist in BPI Industries will be J.
Streicher & Co. For further information on BPG and other
Amex-listed companies, please visit http://www.amex.com/. The
American Stock Exchange(R) (Amex(R)) is the only primary exchange
that 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 150 ETFs. 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: The American Stock Exchange CONTACT: Javier E. David of
American Stock Exchange, +1-212-306-1440, Web site:
http://www.amex.com/
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