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Spar Cos

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BUSINESS
August 3, 1999
The Irvine marketing company recorded a net loss of $2.5 million, or 45 cents a share, for the second quarter ended July 2, contrasted with net income of $76,000, or 1 cent a share, for the 1998 second quarter. Revenue was down 37% to $21.2 million. On July 8, PIA merged with SPAR Cos. to form SPAR Group Inc., based in New York.
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BUSINESS
November 13, 1999 | E. Scott Reckard
Spar Group Inc., an Irvine marketing company, said Friday that its stock will begin trading on Nasdaq's SmallCap Market beginning Monday, instead of on the Nasdaq National Market. Spar Group, created when Irvine-based PIA Merchandising Services merged with Spar Cos. of Tarrytown, N.Y., said accounting adjustments after the transaction had left its net tangible assets below Nasdaq's threshold for a National Market listing. Trading will continue uninterrupted under the symbol SGRP.
BUSINESS
July 9, 1999 | LESLIE EARNEST, TIMES STAFF WRITER
PIA Merchandising Services Inc.'s shareholders Thursday approved the company's merger with competitor SPAR Cos., creating one of the nation's largest marketing and retail merchandising support operations. Beginning today, PIA will become part of SPAR Group Inc. The combined company's stock will trade on the Nasdaq market under the symbol SGRP. It will be headquartered in Tarrytown, N.Y., where SPAR has been based. To achieve the merger, PIA issued about 12.
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