SBID...July 21, 2000 10:15
SBI Communications, Inc. Announces Stock Split
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GLENDALE, Calif., July 21 /PRNewswire/ -- SBI Communications, Inc. (OTC Bulletin Board: SBID), a vertical Internet media, marketing and entertainment company today announced its "2-1 forward stock split." All shareholders owning one (1) share will have the opportunity to participate in this 2-1 split. Shareholder record date of this transaction is August 10, 2000.
Mr. Ron Foster, President, Chairman and Chief Executive Officer stated in addition to the "2 to 1 forward stock split" the board of directors approves to re-capitalize the company and move forty million (40,000,000) authorized shares to one hundred million (100,000,000) authorized shares.
SBI Communications, Inc. is a publicly held Delaware corporation, originally developed in Utah in September 1983. The company provides interactive satellite delivered bingo games, game shows and other similar telecommunication gaming products and services to television viewers throughout the United Sates. In addition, SBI has developed a system that can be integrated into all standard communications channels including the World Wide Web for interactive play throughout the world.
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results could differ materially from those projected in the forward-looking statements as a result of various factors including the ability of the company to successfully commercialize its new technologies as well as risk factors set forth under "Factors Affecting Future Operating Results" in the company's annual report on Form 10-K and such other risks detailed from time to time in the company's reports filed with the Securities and Exchange Commission. The company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
SOURCE SBI Communications, Inc.
/CONTACT: Equitilink, 877-788-1940, for SBI Communications, Inc./ |
