C-3D Digital Board of Directors Approves Reverse Stock Split
1/27/0 14:54 (New York)
Business/Technology Editors
LOS ANGELES--(BUSINESS WIRE)--Jan. 27, 2000--Chequemate
International Inc. (AMEX:DDD), doing business as C-3D Digital Inc.,
the world's first 3D television network and 3D Internet media company
announced that its Board of Directors approved a 1-for-4 reverse stock
split of the Company's common stock.
The date on which the reverse stock split shares will be
reflected on the American Stock Exchange (AMEX:DDD) is February 2,
2000.
C-3D Digital Chairman and Chief Executive Officer J. Michael
Heil, "Our business has now matured to a point where we have received
considerable interest from institutional investors inquiring about the
possibility of adding the Company's shares to their portfolios.
Through this reverse split, our stock will be priced in a range that
allows us to begin to attract quality institutions. Because certain
institutional investors have internal policies preventing the purchase
of low-priced stocks and many brokerage houses do not permit
low-priced stocks to be used as collateral for margin accounts, the
split should also generate additional liquidity for our loyal
shareholders."
C-3D Digital is a leading 3D media company that provides
broadcasting and entertainment companies the ability to deliver 3D
entertainment to any standard television 24 hours a day. As a leading
innovator of 3D-entertainment technology, C-3D Digital is the first
television network to offer 3D programming exclusively to satellite
and cable television subscribers. Additionally, the company operates
an Internet subsidiary company, 3D.COM. C-3D Digital maintains offices
in the Los Angeles, California; St. George, Utah; and Phoenix, Arizona
areas.
This news release may contain forward-looking statements made
pursuant to the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995. While these statements are made to
convey to the public the Company's progress, business opportunities,
and growth prospects, readers are cautioned that such forward-looking
statements represent management's opinion. While management believes
such representation to be true and accurate based on the information
available to the Company, actual results may differ materially from
those described. The Company's operations and business prospects are
always subject to risk and uncertainties. Important factors that may
cause actual results to differ are set forth in C-3D Digital's
periodic filings with the U.S. Securities and Exchange Commission.
See also www.nfnonline.com/ddd
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CONTACT: National Financial Network
Geoffrey Eiten, Investor Relations
781-444-6100 ext. 13
800-344-1288
geiten@otcfn.com
or
C-3D Digital
Gwendolyn Oliver, Director of Marketing
310-305-8272
investors@3d.com
www.3d.com
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: ENTERTAINMENT TELEVISION/RADIO CABLE INTERNET
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