American Stock Exchange Lists Common Stock of AXM Pharma, Inc.
March 03 2004 - 9:58AM
PR Newswire (US)
American Stock Exchange Lists Common Stock of AXM Pharma, Inc. NEW
YORK, March 3 /PRNewswire/ -- The American Stock Exchange(R)
(Amex(R)) today listed the common stock of AXM Pharma, Inc. under
the ticker symbol AXJ. AXM Pharma Inc., through its wholly owned
subsidiary, Werke Pharmaceuticals, Inc., is the 100% owner of
Shenyang Tianwei Werke Pharmaceutical Co., Ltd. ("STWP"), a Wholly
Foreign Owned Enterprise ("WFOE") under the laws of the People's
Republic of China. STWP is located in the City of Shenyang, in the
Province of Liaoning, China. STWP and its predecessor company
Shenyang Tianwei Pharmaceutical Factory, Ltd. ("STPF"), has an
operating history of approximately 10 years. STWP historically has
been a manufacturer and distributor of proprietary and generic
pharmaceutical products, which include injectables, capsules,
tablets, liquids and medicated skin products for export and
domestic Chinese sales. Axiom currently out-sources production and
distribution of its products to third parties in China. "We are
pleased to welcome AXM Pharma to the American Stock Exchange," said
John McGonegal, senior vice president of the Amex Equities Group.
"We look forward to working with AXM Pharma and providing them with
the value-added resources a growing company needs to succeed in
today's market." "We are pleased to be accepted on the American
Stock Exchange. Our Board of Directors believes the Company's
listing on the American Stock Exchange could provide enhanced
liquidity for our shareholders and greater market awareness of our
business and prospects," commented Peter Cunningham, president and
chief executive officer of AXM Pharma, Inc. The specialist in AXM
Pharma, Inc. will be AIM Securities Co. For further information on
AXJ and otherAmex-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 138
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: American Stock Exchange
CONTACT:Media - Jeanette Volpi of the American Stock Exchange,
+1-212-306-1650, Web site: http://www.amex.com/
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