Com Systems Listed on American Stock Exchange
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The stock of Com Systems is now trading on the American Stock Exchange after several years of being a thinly traded “pink sheets” stock on the over-the-counter market.
The Van Nuys company provides long-distance telecommunication services in California, Arizona and Nevada. In the first five months of 1988, Com Systems earned $1.1 million on revenue of $21.8 million.
Several years ago Com Systems’ stock was dropped by NASDAQ for failing to meet some financial requirements because of the company’s weak balance sheet. But a recent cash infusion has improved Com Systems’ finances, and the company qualified for a new stock listing.
