multiple sclerosis treatmentLOS ANGELES, Dec. 30 /PRNewswire-FirstCall/ -- JB Oxford Holdings, Inc. (Nasdaq: JBOH) announced today that it has completed the 1 for 100 share reverse stock split that has reduced the number of holders of record of JBOH common stock to fewer than 300. Accordingly, the Company has filed a Form 15 with the SEC to deregister the Companys stock with the SEC. The Company anticipates that its stock will be voluntarily delisted by NASDAQ as early as the close of business today. All fractional shares that would otherwise have resulted from the reverse stock split will be paid in cash at a pre-split adjusted price of $2.96 per share during the next month. About JB Oxford Holdings, Inc. JB Oxford Holdings, Inc. offers market making and institutional trading services through its National Clearing Corp subsidiary, and real estate investment activities through its FiCorp, Inc. subsidiary. The Companys offices are located in Los Angeles, CA. This press release contains statements that are forward-looking, including comments on future business plans, investments, market conditions, revenue growth, expense management, and outlook. Any number of conditions may occur which would affect important factors in this analysis and materially change expectations. These factors include, but are not limited to, known and unknown risks, customer trading activity; changes in technology; success of cost-containment programs; ability to successfully identify, negotiate, close and integrate acquisitions and investment opportunities; shifts in competitive patterns; decisions with regard to products and services; changes in revenues and profits; and significant changes in the market environment. For a description of the foregoing and other factors, investors and others should refer to the companys filings with the U.S. Securities and Exchange Commission, including its annual report on Form 10-K for the year ended Dec. 31, 2004; and other periodic filings. The Company undertakes no obligation to update the forward-looking statements contained herein to reflect changed events or circumstances after todays date. |
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