American Stock Exchange News Release
www.amex.com |
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| Equity Release |
Media Contact: Catherine Chantharaj |
AMERICAN STOCK EXCHANGE LISTS UNITS OF TM ENTERTAINMENT AND MEDIA, INC. | ||
New York, October 18, 2007 — The American Stock Exchange® (Amex®) today lists the units of TM Entertainment and Media, Inc. under the ticker symbol TMI.U. The offering size is 9 million units at $8.00 per unit for gross proceeds of $72 million (excluding the underwriters’ over-allotment option). One unit equals one share of common stock and one warrant. Initially, the units will be the only security trading. The IPO’s lead underwriter is Pali Capital, Inc. with Maxim Group LLC as co-manager. TM Entertainment and Media, Inc. is a newly formed company organized for the purpose of effecting a merger, capital stock exchange, asset acquisition or other similar business combination with a domestic or foreign operating business in the entertainment, media, digital or communications industries. “We are pleased to welcome TM Entertainment and Media to the American Stock Exchange,” said Neal Wolkoff, Chairman and CEO of Amex. “The Amex looks forward to supporting TM Entertainment as it seeks to convey its value proposition to a greater number of investors.” “Ted Green, Chairman and Co-CEO, said, “We are eager to embark on our business plan to identify and conclude a successful business acquisition.” Malcolm Bird, Co-CEO, added, “We hope our shareholders view our affiliation with Amex as indicative of our commitment to shareholder services and high standards of corporate governance.” The specialist in TM Entertainment and Media, Inc. will be Cohen Specialists LLC. For further information on TMI.U and other Amex-listed companies, please visit www.amex.com. | ||
About American Stock Exchange
The American Stock Exchange® (Amex®) offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRSSM. 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 359 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.