MAI Systems Corporation Lists on American Stock Exchange

Strategic Insights -

MAI Systems Corporation, a leading provider of total information systems solutions, has listed its common stock on the American Stock Exchange (AMEX). The company, based in Irvine, California, designs, sells, and supports a wide range of computer products, including local and wide area computer networks, document imaging systems, and software applications. MAI's listing on the AMEX provides the company with a highly visible marketplace, allowing investors to closely follow its stock. The company's stock, trading under the ticker symbol NOW, opened at $9.75 on 2,000 shares.

Key Takeaways:

  • MAI Systems Corporation is a leading provider of total information systems solutions, primarily serving the gaming and hospitality industries.
  • The company designs, sells, and supports a wide variety of computer products, including local and wide area computer networks, document imaging systems, and computer products for legacy systems.
  • MAI offers a range of software applications, including OpenBASIC, MANBASE, FDM4/FlexPOINT, ASG, Medical Management, BFMS, and TriBASE.
  • The company's stock was previously traded over-the-counter before listing on the American Stock Exchange.
  • MAI's listing on the AMEX provides investors with daily access to the company's stock.
  • Spear, Leeds & Kellog has been selected as the specialist unit for MAI's stock trading on the AMEX.
  • Richard S. Ressler, MAI's chairman and chief executive officer, expressed enthusiasm for the company's listing on the AMEX.

Statistics:

  • MAI Systems Corporation's stock opened at $9.75 on 2,000 shares on the American Stock Exchange.
  • The company's securities were previously traded over-the-counter.
  • The American Stock Exchange is the nation's second largest stock exchange and the primary marketplace for both stocks and derivative securities.
  • MAI Systems Corporation is based in Irvine, California.

Sources:

  • "New York, Aug. 29 /PRNewswire/ --"
  • PRNewswire
  • American Stock Exchange
  • MAI Systems Corporation
  • Richard S. Ressler, chairman and chief executive officer of MAI Systems Corporation