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86-42 NASDAQ National Market System Grows to 2,385 Securities With 25 Voluntary Additions on June 3, 1986

TO: All NASD Members and Level 2 and Level 3 Subscribers

On Tuesday, June 3, 1986, 25 issues are scheduled to join the NASDAQ National Market System, bringing the total number of issues in NASDAQ/NMS to 2,385. These 25 issues, which will begin trading under real-time trade reporting, are entering NASDAQ/NMS pursuant to the Securities and Exchange Commission's criteria for voluntary designation.

The 25 issues scheduled to join NASDAQ/NMS on Tuesday, June 3, 1986, are:

Symbol*

Company

Location

AWCSA

AW Computer Systems, Inc. (Cl A)

Mt. Laurel, NJ

AAMD

American MedCenters, Inc.

Minneapolis, MN

BLCCB**

Balchem Corporation (Cl B)

Slate Hill, NY

BULR

Buehler International, Inc.

Lake Bluff, IL

CAYB

Cayuga Savings Bank

Auburn, NY

CHOL

Central Holding Company

Mt. Clemens, MI

CTWL

Chartwell Group Ltd.

Carlstadt, NJ

CBNH

Community Bankshares, Inc.

Concord, NH

DYTR

Dyatron Corporation

Birmingham, AL

FARA

Faradyne Electronics Corp.

Belleville, NJ

GNDR

Gander Mountain, Inc.

Wilmot, WI

IRIN

International Robomation/Intelligenee

Carlsbad, CA

JNBK

Jefferson National Bank

Watertown, NY

MALTZ

Management Assistance Inc. Liquidating Trust

New York, NY

MSBK

Medford Savings Bank

Medford, MA

NMSB

New Milford Savings Bank

New Milford, CT

OCCN

Occidental Nebraska Federal Savings Bank

Omaha, NE

RGEN

Repligen Corporation

Cambridge, MA

SAVO

Savoy Industries, Inc.

New York, NY

TECD

Tech Data Corporation

Clearwater, FL

TCJC

Town & Country Jewelry Manufacturing Corporation

Chelsea, MA

UVOL

Universal Voltronics Corporation

Mt. Kisco, NY

VMIG

View-Master Ideal Group, Inc.

Beaverton, OR

WSBK

Western Bank

Coos Bay, OR

WBAT

Westport Bancorp, Inc.

Westport, CT

The following issues may be included in NASDAQ/NMS prior to the next regularly scheduled phase-in date:

Pending Additions

Symbol*

Company

Location

ALLS

Allison's Place, Inc.

Los Angeles, CA

JBAK

Baker (J.), Inc.

Readville, MA

CYPR

Cypress Semiconductor Corporation

San Jose, CA

INFTA

Infinity Broadcast Corporation (Cl A)

New York, NY

KECO

Kent Electronics Corporation

Houston, TX

LSSB

Lake Sunapee Savings Bank

Newport, NH

MTIK

Modular Technology, Inc.

Chicago, IL

PCEP

Perception Technology Corporation

Canton, MA

SKAN

Skaneateles Savings Bank

Skaneateles, NY

SKYW

Skywest, Inc.

St. George, UT

TOWR

Tower Savings and Loan Association

South Bend, IN

WERN

Werner Enterprises, Inc.

Omaha, NE

WOWI

Worlds of Wonder, Inc.

Fremont, CA

NASDAQ/NMS Interim Additions

Symbol*

Company

Date of Entry

GTOS

Gantos, Inc.

5/13/86

FSAM

First American Savings, F.A.

5/14/86

STRL

Sterling, Inc.

5/14/86

GENI

Genetics Institute, Inc.

5/20/86

BRDL

Brendle's Incorporated

5/21/86

CRTR

Charter-Crellin, Inc.

5/21/86

PROS

Prospect Group, Inc. (The)

5/21/86

The following changes to the list of NASDAQ/NMS securities occurred since May 9, 1986:

NASDAQ/NMS Symbol* and/or Name Changes

New/Old Symbol*

New/Old Security

Date of Change

INVG/INVG

INVG Mortgage Securities Corporation/Investors GNMA Mortgage-Backed Securities Trust, Inc.

5/13/86

JWAT/JWAT

JWP, Inc./Jamaica Water Properties, Inc.

5/13/86

LSST/LSST

Lone Star Technologies, Inc./Lone Star Steel Company

5/15/86

NOAX/NOAX

NEOAX, Inc./Northeast Ohio Axle, Inc.

5/20/86

VIPLF/VIPLF

Vulcan Packaging, Inc./Vulcan Industrial Packaging, Ltd.

5/22/86

TTCO/TTCO

Trustcorp, Inc./Toledo Trustcorp, Inc.

5/23/86

TTCOP/TTCOP

Trustcorp, Inc. (Pfd)/Toledo Trustcorp, Inc. (Pfd)

5/23/86

NASDAQ/NMS Deletions

Symbol*

Security

Date

VOIT

Voit Corporation

5/09/86

FTNC

First National Corporation of Ohio

5/13/86

HISI

Health Information Systems, Inc.

5/13/86

VANS

Van Schaak & Co.

5/14/86

EMCC

Emett & Chandler Companies, Inc.

5/16/86

ATCC

American Technical Ceramics Corporation

5/19/86

EXPDW

Expeditors International of Washington Inc. (Wts)

5/19/86

TMPO

Tempo Enterprises, Inc.

5/19/86

CTYFP

CityFed Financial Corporation (Pfd)

5/20/86

ORSI

ORS Automation, Inc.

5/22/86

GBCO

Gulf Broadcast Company

5/23/86

Any questions regarding this notice should be directed to Kit Milholland, Senior Analyst, NASDAQ Operations, at (202) 728-8281. Questions pertaining to trade reporting rules should be directed to Sharon Belanger, NASD Market Surveillance, at (202) 728-8206.

Sincerely,

Gordon S. Macklin
President

National Association of Securities Dealers, Inc.
1735 K Street N.W.
Washington, D.C. 20006
(202) 728-8000

May 28, 1986

IMPORTANT

TO: Selected NASD Members

RE: "Signasure" Guarantee Program

RESPONSE REQUESTED BY JUNE 15, 1986.

For the past two years, a committee composed of representatives from banks, trust companies, savings and loans, credit unions, the securities industry and stock transfer agents has been working to develop a new program, called "Signasure," to be used in connection with the transfer of registered securities.

"Signasure" would require the formation of a corporation to operate the program, which would permit a broad range of firms offering financial services and products to guarantee signatures on securities certificates and stock powers ("stocks"). It would replace the current method which permits only certain approved financial institutions to guarantee signatures on stocks by filing the signatures of authorized individuals with transfer agents.

The Signasure program would consist of two elements:

(1) A procedure for prequalifying and verifying signature guarantors.
(2) A surety bond to protect transfer agents and issuers. The surety bond will not insure members against losses.

The procedure would utilize a coded label or stamp to be affixed to a stock which would be overprinted with the guarantor's name stamp. The label, produced by the American Bank Note Company, would contain various state-of-the-art security features, such as latent images and black-on-black bar codes, to prevent counterfeiting. The label would be readable only with an electronic instrument in the possession of the transfer agent.

The costs of the equipment, the surety bond and the operation of the program would be met by participants purchasing the labels at a unit cost per label, with a minimum annual fee that would purchase up to 5,000 labels. Participants purchasing more than 5,000 labels per annum would be charged a decreasing unit cost. A theoretical projection of a cost schedule prepared by the Consultant on the assumption that there will be maximum participation is attached. The final cost to a participant would thus depend upon how many participants there are and how many signatures are guaranteed by each participant annually.

The Consultant for the Signasure program and the staff of the SEC's Division of Market Regulation, recognizing that the cost to participants is crucial in deciding whether the program can proceed, have asked interested organizations to supply information about expected participation in the program and the annual number of signature guarantees that may be processed.

Please let me know whether your firm would be interested in participating in such a program and approximately how many signature guarantees your firm would process annually if the program is adopted. Enclosed is a form for this purpose and a return envelope. Completed forms must be received no later than June 15, 1986, in order to be included in our report to the Signasure Group and the SEC. Without an accurate assessment of member interest, this program will not be able to go forward.

Should you have any questions concerning this notice, please contact me at (202) 728-8328.

Sincerely,

A. John Taylor
Vice President
Investment Companies/Variable Contracts

Attachments

SIGNASURE SERVICES CORPORATION

TRANSACTIONS ANALYSIS & PROJECTION SCHEDULE

#1

#2

#3

#4

#5

#6

#7

GUARANTOR

TOTAL

TOTAL LOCATIONS

AVG. NO. BRANCHES

AVG. TR'S/DAY YR/LOCATION

TOTAL TR’S/YR GUARANTOR

TOTAL TR'S CATEGORY

SM.BANKS

10,000

30,000

3

1 x 250 = 250

750

7,500,000

LG. BANKS

300

6,000

20

2 x 250 = 750

15,000

4,500,000

SM. SIA'S

450

2,250

5

3 x 250 = 750

3,750

1,687,500

LG. SIA'S

50

6,000

120

5 x 250 = 1,250

150,000

7,500,000

SM. NASD

600

1,800

3

1 x 250 = 250

750

450,000

LG. NASD

100

1,000

10

3 x 250 = 750

7,500

750,000

SM. USLI

3,600

10,000

3

1 x 250 = 250

750

2,700,000

LG. USLI

300

3,000

10

3 x 250 = 750

7,500

2,225,000

SM. OTHERS

1,000

1,500

1.5

1 x 250 = 250

375

375,000

LG. OTHERS

100

300

3

3 x 250 = 750

2,250

225,000

TOTALS

16,500

62,500

     

27,912,500

           

SAY 28,000,000

CUNA

20,000

20,000

1

100/Location/Yr.

100

1,500,000

FORMULA: Column 4 x 5 = #6
Column 2 x 6 = #7

Compiled by the Consultant.

SIGNASURE SERVICES CORPORATION

STAMP PRICES

QUANTITY LEVELS

RATE

COST $ AMOUNT

CUM. $ TOTAL

CUM. LEVELS

First 5,000

@ 20¢

$ 1,000

$ 1,000

5,000

Next 45,000

15¢

6,750

7,750

50,000

Next 100,000

10¢

10,000

17,750

150,000

Next 150,000 (and over)

7,500

25,250

300,000

Compiled by the Consultant.


* NASDAQ symbols are proprietary to the National Association of Securities Dealers, Inc.

** This issue is scheduled to commence trading in the NASDAQ System concurrent with its designation as a NASDAQ/NMS security on June 3, 1986.



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