September 13, 1991
Admar Group Inc., the Santa Ana developer and administrator of managed health care services, posted net income of $57,000, or less than 1 cent per share, for the second fiscal quarter, down 50% from the $113,000, or 1 cent per share, recorded for the like period a year ago. Revenue for the quarter ended July 31 dropped 7%, to $2.5 million from $2.7 million.
June 20, 1991
The Admar Group Inc., a provider of managed health care services, said Tuesday that it plans a one-for-five reverse stock split to make shares in the company more marketable. The over-the-counter stock has been trading around 62.5 cents per share. With a price five times than that amount, the stock should be more attractive to larger brokers, said Ann Rebollo, a company spokeswoman.