"Synagro is the fourth dual listing on ArcaEx in 2005 and is a great addition to the roster of Archipelago Exchange-listed companies," said Jerry Putnam, CEO of Archipelago. "ArcaEx provides an ideal listing venue for companies looking to expand their exposure and visibility among a broad range of investors."
"Listing on the nation's first totally open all-electronic stock exchange is an exciting event for us and our shareholders," commented Robert Boucher, President and Chief Executive Officer of Synagro Technologies, Inc. "We believe our dual listing on ArcaEx, an extremely efficient and well-connected exchange, will help us gain exposure and increase recognition across the investment community."
In addition to providing the advantages of electronic trading, ArcaEx enables NYSE-, Amex- and Nasdaq-listed companies and their investors to reap the benefits of ArcaEx's investor focused market structure. ArcaEx operates as an all-electronic auction market, with an open limit order book matching buyers and sellers directly based on simple price and time priority, leveling the playing field for all market participants.
Currently over 230 companies are listed on ArcaEx, a facility of the Pacific Exchange. In addition to its own listings, the exchange trades all NYSE-, Nasdaq- and Amex-listed stocks. Archipelago Holdings, Inc., the parent company of ArcaEx, announced on January 3, 2005 that the company has entered into a definitive agreement to acquire PCX Holdings, Inc., parent company of the Pacific Exchange and PCX Equities, Inc.
About ArcaEx,BR>Archipelago Holdings (PCX: AX) operates The Archipelago Exchange(SM) (ArcaEx(R)) the first totally open all-electronic stock exchange in the United States. ArcaEx trades all Nasdaq-listed equity securities and exchange listed equity securities, including those listed on the New York Stock Exchange(R), American Stock Exchange(R), and Pacific Exchange(R). In addition to offering core execution services, ArcaEx provides corporate clients with listing services and innovative data products. In 2004, Archipelago launched ArcaVision to provide corporate and trading clients with more transparent market data, analytical tools and access to market-wide and ArcaEx specific trading information. Archipelago Holdings completed its initial public offering in August 2004. For more information please visit http://www.arcaex.com.
About Synagro Technologies
Synagro is the largest national company focused on water and wastewater residuals management services in the United States, serving over 600 municipal and industrial water and wastewater accounts in 37 states and the District of Columbia. The Company offers a range of water and wastewater residuals management services, focusing on the beneficial reuse of organic, nonhazardous residuals resulting from the water and wastewater treatment process, including collection and transportation, land application, thermal drying and pelletization, incineration, composting, alkaline stabilization, dewatering, cleanout services, wastewater treatment plant operations and maintenance, product marketing, and related recordkeeping and regulatory reporting services. To learn more about Synagro Technologies Inc. please visit its website at http://www.synagro.com/index.htm
