Arabian American Development Officially Changes Name to Trecora Resources
Effective Wednesday, June 18th, 2014
New Ticker Symbol: TREC
SUGAR LAND, Texas, June 17, 2014 /PRNewswire/ -- Arabian American Development Co. (NYSE: ARSD), a leading provider of high purity specialty chemicals announced the rollout of its name change to Trecora Resources effective tomorrow, June 18th. As part of the name change the Company will now trade as "TREC" on the New York Stock Exchange. The change in the Company's ticker symbol will be effective at the start of trading on Wednesday, June 18, 2014. The Company also has a new corporate website at www.trecora.com.
"While we are proud of the history of our Company and name, we continually received comments that our historical name wasn't reflective of the Company as it has evolved and stands today. Where Arabian American had originally been established in 1967 as a mining development company focused on the properties in Saudi Arabia, over time we have morphed into a successful petrochemical company based in southeast Texas," said Nick Carter, President and Chief Executive Officer of TREC. "We went through a renaming process and picked Trecora Resources which incorporates trust, ecology, and the core of the earth as our new name. Trecora Resources connotes natural resources that you can trust."
Members of the Company's Board of Directors, management and guests will join Nick Carter, Chief Executive Officer, as he rings The Closing Bell at 3:56 p.m. EST on June 18th.
The bell ringing can be viewed live on Livestream at https://new.livestream.com/NYSEICE/TrecoraResources. The video replay and photos of the event will be available, courtesy of the NYSE on the NYSE website and the NYSE YouTube Channel – nysetv1.
About Trecora Resources
Trecora owns and operates a petrochemical facility located in southeast Texas, just north of Beaumont which specializes in high purity petrochemical solvents and other solvent type manufacturing. The Company is also the original developer and a 35% owner of Al Masane Al Kobra Mining Co., a Saudi Arabian joint stock company.
Nick Carter, President and Chief Executive Officer
Genesis Select Corp.
SOURCE Arabian American Development Co.