I saw this news this morning and had to jump in....I have many good memories of large forward splits but never been through one this large,,,,this company should trade much higher than .25 post split (current price / 25)....
Wowstores.com, Inc. Announces Twenty-five-For-One Stock Split
BOCA RATON, Fla., May 5 /PRNewswire/ -- Wowstores.com, Inc. (OTC Bulletin Board: WOWS) announced today that its board of directors has approved a twenty-five-for-one forward stock split of the Company's common stock. Record date for the split will be May 12, 1999 with the distribution date set for May 19, 1999. The Company's common stock will be quoted on a post-split basis as of May 19, 1999. Herbert Tabin, CEO and President, commented, "It is important for us to
broaden the marketability, distribution and liquidity of our stock to all our shareholders."
The Company advises that shareholders do not need to take action to receive the additional shares. Existing certificates should not be destroyed nor returned to the Company and will continue to represent the number of shares indicated. New certificates will be issued for the balance of shares due. The twenty-five-for-one stock split will not change the shareholders existing proportionate ownership.
Wowstores.com is a commission-driven internet shopping directory at
www.wowstores.com. This site will provide customers with access to merchandise and services 24 hours a day. The company will earn a commission on items purchased via WowStores links to the affiliate or sponsor sites. Direct Marketing of specific products will also provide revenues to the company.
For more information, contact: The Hawke Group, Inc.
Phone (954) 564-7114 or Fax (954) 564-9848
Visit the website at www.hawkegroup.com.
SOURCE Wowstores.com, Inc.
/CONTACT: Roy Samuel of The Hawke Group, Inc., 954-564-7114, or fax
954-564-9848/ |
