Inc. 500 Industrial-Services Firm Lists Stock on OTC
MISCOR Group, formerly Magnetech Integrated Systems, a provider of electrical contracting and industrial services that ranked No. 128 on the 2005 Inc. 500, announced its listing of common stock on the OTC Bulletin Board Thursday.
The South Bend, Ind.-based firm will trade under the symbol MCGL.OB. MISCOR's initial public registration of 199,628,252 shares of common stock was declared effective in May.
In its filing with the Securities and Exchange Commission, the company reported net sales of $46.3 million for the year ending Dec. 31, 2005, up from $28.9 million the previous year.
MISCOR, which was founded in 2000, provides repair and engineering services for specialty electric motors, lifting magnets, power distribution systems, and large diesel engines. MISCOR ranked No. 128 in 2005 and No. 58 in 2004 on the Inc. 500 list of the nation's fastest-growing private companies. In addition, the company ranked third on this year's Inner City 100 's list.