Krug International Changes Name to SunLink Health Systems, Inc.
Atlanta, Georgia (August 23, 2001) - KRUG International Corp. (AMEX:KRG) today announced that its shareholders had approved changing its name to "SunLink Health Systems, Inc." effective August 21, 2001. Beginning Friday, August 24, the Corporation's stock will be traded on the American Stock Exchange under the symbol "SSY". The CUSIP number for the SunLink Health System's common stock is 86737U 10 2.
Presently outstanding KRUG stock certificates will continue to be valid even though the name of the Corporation has been changed. Accordingly, existing shareholders should not submit their KRUG stock certificates to the Corporation or to its transfer agent for exchange. New stock certificates in the name of SunLink Health Systems, Inc. will be issued for stock transfers after August 21, 2001.
Robert M. Thornton, Jr., chairman and chief executive officer said, "SunLink Health Systems, Inc. more clearly describes the Corporation's business in light of the redeployment of its assets into community hospitals in the U.S." Further, Thornton said, "We are excited about the Corporation's new direction which allows us to provide residents of rural communities access to exceptional, personalized and caring health services."
SunLink Health Systems, Inc. owns and operates, through subsidiaries, six community hospitals in the Southeastern and Midwestern U.S.