ANNAPOLIS, Md., July 31 /PRNewswire/ -- FTI Consulting, Inc. (Amex: FCN),
the premier national provider of strategic and litigation-related consulting
services, announced today that its Board of Directors has approved plans to
transfer FTI's listing to the New York Stock Exchange (NYSE).
The Company has filed an application with the NYSE, and Big Board trading
is expected to begin on August 16, 2001, under the ticker symbol "FCN." Until
that time, FTI's common stock will continue trading on the American Stock
Exchange.
Commenting on the move to the NYSE, FTI Chairman and Chief Executive
Officer Jack Dunn stated, "As premier consultants to America's largest banks,
insurance companies, corporations and law firms, our most important asset is
our professional people, and our stock in trade is our reputation. We believe
that joining with the New York Stock Exchange will further raise our profile
with the investment community and will be an important step in providing the
access to the capital markets necessary for our continued strong business and
financial growth."
"The Exchange is proud to welcome FTI Consulting," said NYSE Chairman and
Chief Executive Officer Dick Grasso. "FTI is dedicated to providing high-
quality service to its clients and will make an excellent addition to the NYSE
roster of well-respected, publicly traded companies. We look forward to an
outstanding partnership with FTI Consulting and its shareholders."
About FTI Consulting
FTI Consulting is a multi-disciplined consulting firm with leading
practices in the areas of bankruptcy and financial restructuring, litigation
consulting and engineering/scientific investigation. Modern corporations, as
well as those who advise and invest in them, face growing challenges on every
front. From a proliferation of "bet-the-company" litigation to increasingly
complicated relationships with lenders and investors in an ever-changing
global economy, U.S. companies are turning more and more to outside experts
and consultants to meet these complex issues. FTI is dedicated to helping
corporations, their advisors, lawyers, lenders and investors meet these
challenges by providing a broad array of the highest quality professional
practices from a single source.
This press release includes "forward-looking" statements that involve
uncertainties and risks. There can be no assurance that actual results will
not differ from the company's expectations. The company has experienced
fluctuating revenues, operating income and cash flow in some prior periods and
expects that this may occur from time to time in the future. As a result of
these possible fluctuations, the company's actual results may differ from our
projections. Other factors that could cause such differences include pace and
timing of additional acquisitions, the company's ability to realize cost
savings and efficiencies, competitive and general economic conditions, and
other risks described in the Company's filings with the Securities and
Exchange Commission.
For further information regarding FTI Consulting, Inc. free of charge via
fax, dial 1-800-PRO-INFO and enter "FCN."
FTI is on the Internet at http://www.fticonsulting.com and at
http://www.ftiwarroom.net .
SOURCE FTI Consulting, Inc.
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Related links:
http://www.fticonsulting.com
CONTACT:
Jack Dunn, Chairman & CEO of FTI Consulting,
Inc., +1-410-224-1483; General, Marilyn Windsor, +1-312-640-6692,
Analysts, Doug Broderick, +1-312-274-2266, or Media, Tim Grace,
+1-312-274-2240, all of The Financial Relations Board BSMG
Worldwide
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