NYSE, AXR - Amrep Corp.
The Company* was organized in 1961 and, through its subsidiaries, is primarily
engaged in three business segments: the Real Estate business operated by AMREP
Southwest Inc. and its subsidiaries (collectively, "AMREP Southwest"), and the
Fulfillment Services and Newsstand Distribution Services businesses operated by
Kable Media Services, Inc. and its subsidiaries (collectively, "Kable"). Data
concerning industry segments is set forth in Note 17 of the notes to the
consolidated financial statements. The Company's foreign sales and activities
are not significant.
On January 16, 2007, the Company, through a newly created subsidiary ("Newco")
of Kable Media Services, Inc., completed the acquisition (the "Acquisition") of
100% of the stock of Palm Coast Data Holdco, Inc. ...
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