will announce further details of its planned move to OTC trading prior to October 29.
We are proud to add BMHC
to the growing family of distinguished companies traded by Bear Wagner's team of highly experienced specialists," said Peter Murphy, chief executive officer of Bear Wagner Specialists.
30, 2006, BMHC
reported a decline in organic growth for both of its business segments.
has a strong balance sheet and maintains healthy coverage ratios.
We appreciate the support we have seen from both our customers and suppliers as we move forward with this process to make BMHC
financially stronger for the long term.
launched what would become SelectBuild, the company's construction services division, in 1999 when it acquired the framing company Knipp Brothers in Las Vegas and Phoenix.
Under the proposed restructuring plan, BMHC
will significantly reduce its outstanding funded debt, establish a new revolving credit facility, and substantially lower annual interest expense upon consummation of the plan.
Fitch originally placed BMHC
on Rating Watch Negative on July 31, 2008.
Nuance's PowerScribe for Radiology Surpasses Goals for Medical Report Accuracy, Clinician Usability and Provider Communications at 10 BMHC
Our team remains as committed as ever to serving our customers with the same high quality materials and services they have come to expect from BMHC
In response to the housing downturn, BMHC
is unifying and streamlining its operations, shutting down a number of underperforming businesses, reducing capital expenditures and deferring discretionary capital spending, and reducing SG&A expenses by consolidating business infrastructure and optimizing its staffing levels.
implemented significant changes to its operations during 2008 to mitigate the impact of this downturn, including: