LAS VEGAS, July 19, 2005 (PRIMEZONE) -- As a service to the millions of investors that follow companies traded only on the Over the Counter markets, Public Company Management Corporation (OTCBB:PUBC) has established an Over the Counter Bulletin Board (OTCBB) Index. This OTCBB Index has a 20-minute delayed financial data feed with key financial and market information housed on PCMC's Web site. The index became live on July 15 and is available online at http://pcmc.stockgroup.com/pcmc30.asp. Further, an interview on the construction and methodology of PCMC Bulletin Board 30 Index(tm) is now available at http://www.publiccompanymanagement.com/PCMC-30/audio.html
"We are thrilled to make this new index available to investors, as there is no other similar resource available for those interested in the performance of stocks traded on the OTCBB," said Stephen Brock, president of PUBC. "Producing this index is integral to our mission of promoting the public markets for small and medium businesses. We hope it will help further the growth of the OTCBB and allow more small businesses to take advantage of the benefits of the public markets."
The PCMC Bulletin Board 30 Index(tm) is comprised of 30 stocks that are selected based on the following eight criteria:
(1) Three month average trade volume. (2) Market capitalization. (3) Historical stock price. (4) Shares outstanding. (5) Estimated float. (6) Sales. (7) Operating history. (8) Industry/sector diversity.
Many notable OTCBB stocks were omitted, such as Publix Super Markets Inc., because they failed to meet one or more of the selection criteria. The index includes the last trade price and daily volume and change data for each of the included issues, weighted by industry segment to provide an indicator overall performance of OTCBB traded stocks.
OTCBB data is now fed into more than 450,000 Level I terminals. As an intermediate term objective, PCMC is also evaluating potential alternate trading forums for this index, perhaps in the form of an exchange traded fund (ETF) or closed-end fund.
Over the past five years volume on the OTCBB has grown approximately ten-fold. There was nearly a 300 percent increase from 1998 to 1999. Through the end of April 2005, there were 77 billion shares traded on the OTCBB, according to the OTC Journal. The PCMC Bulletin Board 30 Index(tm) is the only measurement of performance of stocks traded in the Over the Counter Market. As of July 15, 2005, the composite of the PCMC Bulletin Board 30 Index(tm) has had a year-to-date gain of 23 percent, with a three-month average total volume for the index stocks of 5,974,400 shares during the same period. The 23 percent year-to-date gain of the PCMC Bulletin Board 30 Index(tm) sharply outperformed other comparable indexes during the same period, such as the S&P 500 (2.15 percent gain), Dow Jones 30 (1.32% loss), Russell 2000(r) Index (3.64% gain), and Russell MicroCap(r) Index (0.53% loss).
PCMC Bulletin Board 30 Index(tm) Key Statistics (7/15/05):
Average Stock Market Cap $ 193,215,955 Total Index 30 Market Cap $ 5,796,478,650 Average Stock Price $ 5.94 Total Index Value(a) 178.25 Daily Average Stock Volume 216,209 Daily Total Index Volume 6,486,269 3-mo Average Volume of Stocks 199,147 3-mo Total Volume of Index 5,974,400 PCMC 30 One-Month Return 5.88% PCMC 30 Three-Month Return 9.42% PCMC 30 Year-To-Date Return 23.05% Number of Industries 7 Number of Sectors 23
(a)Total index value is the summation of the 30 stock prices.
The PCMC Bulletin Board 30 Index(tm) includes the following OTCBB constituent stocks:
Company Ticker ARMSTRONG HOLDINGS INC ACKHQ AFV SOLUTIONS IN AFVS AMERICAN HOMEPATIENT INC AHOM ANTS SOFTWARE INC ANTS BIOPHAN TECHNOLOGY BIPH BPZ ENERGY INC BPZI CHAPARRAL RESOURCES INC CHAR COVAD COMMUNICATIONS GRP COVD CHINA WORLD TRADE CORP CWTD GLOBAL MED TECH GLOB GAINSCO INC GNAC GENIUS PRODUCTS INC GNPI IBASIS INCORPORATED IBAS I.C. ISAACS & CO INC ISAC JONES SODA CO JSDA LAW ENFORCEMENT ASSOC CP LENF NANO-PROPRIETARY INC NNPP ONEIDA LIMITED ONEI PINE VALLEY MINING CORP PVMCF RASER TECHNOLOGIES RSTG SCHICK TECHNOLOGIES SCHK SKYTERRA COMMMUNICATION SKYT THERMADYNE HOLDINGS CORP THMD TIDELANDS OIL & GAS CORP TIDE TRUE RELIGION APPAREL TRLG UNIGENE LABORATORIES INC UGNE WORLD HEALTH ALTER INC WHAI WIZZARD SOFTWARE INC WIZD XO COMMUNICATIONS INC XOCM YTB INTERNATIONAL INC YTBL
About the OTCBB
The OTC Bulletin Board(r) (OTCBB) is a regulated quotation service that displays real-time quotes, last-sale prices, and volume information in over-the-counter (OTC) equity securities. An OTC equity security generally is any equity that is not listed or traded on NASDAQ(r) or a national securities exchange. OTCBB securities include national, regional, and foreign equity issues, warrants, units, American Depositary Receipts (ADRs), and Direct Participation Programs (DPPs). To be eligible for quotation on the OTCBB, issuers must remain current in their filings with the SEC or applicable regulatory authority. OTCBB issuers are subject to many of the provisions of the Sarbanes-Oxley Act of 2002, some of which are now in effect.
About Public Company Management Corporation
PUBC helps business owners create liquidity for investors and long-term value for their companies, shareholders and partners by participating in public capital markets. PUBC supports the full lifecycle of entering the public market through its various subsidiaries:
Education -- Pubco White Papers (http://www.PubcoWhitePapers.com) hosts a comprehensive body of knowledge on private and public equity markets.
Registration and listing -- Go Public Today (http://www.GoPublicToday.com) provides a complete solution to help small companies register securities for public offerings and obtain a listing on the OTCBB.
Regulatory compliance -- Public Company Management Services (http://www.PCMS-Team.com) assists new and existing public companies in negotiating the new complexities of maintaining a public company and creating sustainable and affordable compliance processes.
PUBC leads by example, demonstrating to current and future clients best practices in taking a company public, investor relations, public relations, regulatory compliance, and raising capital.
Safe Harbor
This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect. Public Company Management Corporation (OTCBB:PUBC)