Key Developments: Arabian American Development Co (ARSD.N)
9.13USD
1 Aug 2013
$0.19 (+2.13%)
$8.94
$9.03
$9.16
$9.03
6,410
12,455
$10.21
$6.86
Latest Key Developments (Source: Significant Developments)
Levi & Korsinsky, LLP Launches Investigation Into Possible Breaches Of Fiduciary Duty By Board Of Directors Of Arabian American Development Company In Connection With Executive Compensation
evi & Korsinsky, LLP announced that it is investigating Arabian American Development Company and its Board of Directors, in connection with the compensation provided to certain executive officers. Full Article
Arabian American Development Company Receives Approval for Listing On The NYSE
Arabian American Development Company announced that it has received notification that its common stock has been approved for listing on the New York Stock Exchange (NYSE) and is currently going through the required regulatory processes associated with the switch to the NYSE. The Company expects its common stock to begin trading under the same symbol 'ARSD' on April 2, 2012. The Company's common stock will continue to trade on the Nasdaq Stock Market under its current symbol, "ARSD," until such date. Full Article
Arabian American Development Company Announces Two-Year Contract Extension With An Existing Fortune 500 Customer
Arabian American Development Company announced that it has signed a two year contract extension with an existing Fortune 500 customer. The extension took effect January 1, 2012, and is expected to generate approximately $5.5 million annually. In addition, the pricing structure has been changed to a formula basis to create additional margin stability. Full Article
Arabian American Development Company's South Hampton Resources, Inc Announces Five Year Contract With New Customer
Arabian American Development Company announced that its South Hampton Resources, Inc. subsidiary has signed a five year contract with a one year extension option to deliver a C5 pentane product to a new customer. The contract is effective November 1, 2011, and is expected to generate annual volumes of approximately 800,000 U.S. gallons. Annual revenue is expected to be $2.6 million per year based on current U.S. dollar value, market conditions, anticipated volume requirements and energy costs. Full Article
Turks skip suspected censorship with Internet lifelines
ISTANBUL/LONDON - Turks are turning to encryption software to thwart any ramp up in censorship of the Internet after six days of anti-government demonstrations and a wave of arrests reportedly for urging people to protest on social media sites.

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