Metalico, Inc. has received approval from the American Stock Exchange to list its shares of common stock on the Exchange under the ticker symbol MEA. The company expects to begin trading on or before March 16, 2005.
The Exchange's approval is contingent upon the Company's being in compliance with all applicable listing standards on the date it begins trading on the Amex.
Metalico's Form 10 Registration Statement was declared effective by the Securities and Exchange Commission on February 14, 2005. With an effective registration statement, Metalico is now fully a public reporting company.
Carlos E. Agüero, president and CEO of Metalico, Inc. commented, "We are very excited about our listing on the American Stock Exchange. We view this as a milestone event in Metalico's evolution. We believe that this listing will be of significant benefit to us and our shareholders as we continue to expand our business platform."
Metalico, Inc. is a holding company with operations in two business segments: ferrous and non-ferrous scrap metal recycling, and fabrication of lead-based products. The company operates five recycling facilities and six lead fabrication plants in six states. Metalico's common stock is already quoted for trading on the Pink Sheets under the symbol MLAO.