Everyone,
Here's an interesting release with an event date. Wonder what this will do to price? :-)
Thursday March 16, 4:02 pm Eastern Time
Company Press Release
SOURCE: H-NET.COM, Inc.
H-NET Announces 2-For-1 Stock Split
NIAGARA FALLS, N.Y., March 16 /PRNewswire/ -- H-NET.COM, Inc. (OTC Bulletin Board: HNSP - news) announced today that the company's board of directors has approved a 2-for-1 split of the company's common stock. The distribution date and the record date, where the holders of common stock will receive one additional common share for every share held, will be announced on Monday 20th March 2000.
H-NET.COM CEO Anton Stephens said, ``The strong performance of our company's stock in the past 15 months and the outstanding growth opportunities that lie ahead of us have encouraged this forward move with splitting the stock. This is another step in our overall effort to maximize shareholder value. We believe the increase in the outstanding float and corresponding increase in liquidity will be beneficial to our shareholders.'
As of March 16, 2000, H-NET had approximately 7.8 million shares outstanding. Upon completion of the split, the number will increase to approximately 15.6 million shares. This is the first split of common stock since the company went public in May 1995.
H-NET.COM, Inc. is the global leader in providing E-commerce business-to- business services to the vision care industry. The company is deploying the H-NET© Internet-based transaction network and its one-stop multi-service Internet portal to as many users in the vision care industry as rapidly as possible.
For more information about the company visit their website www.h-net.net or contact Christine Stephens at (905) 475-3249. Email info@h-net.net. For copies of press releases, SEC filings, current price quotes, stock charts and other valuable information visit Hawk Associates website www.hawkassociates.com or contact Frank Hawkins or Julie Marshall, Hawk Associates, Inc. at (305) 852-2383. Email: info@hawkassociates.com.
``Safe Harbor' statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding the expansion of the Company's operations are forward-looking statements. Words such as ``expects,' ``intends,' ``believes,' ``anticipates,' and ``likely' also identify forward- looking statements. Actual results may differ from such forward-looking statements as a result of a number of factors.
SOURCE: H-NET.COM, Inc. |
