I am holding FDKP over weekend in case they announce a FS before the bell Monday!
Thursday July 20, 11:29 am Eastern Time
Company Press Release
SOURCE: Finders Keepers Inc.
Finders Keepers Inc. (FDKP) Recent Surge in Company Stock
NEW YORK, July 20 /PRNewswire/ -- Finders Keepers Inc. (OTC Bulletin Board: FDKP - news), Finders Keepers, a leader in providing confidential unclaimed property location services
would like to comment on the recent increase in both share price and volume. According to Alan Zazoff, Managing Director of Zazoff Associates L.L.C., the Company's Investor Relations firm, ``Yesterday, we became aware that a rumor was circulating among the investment community regarding a forward split. While a stock split has not been authorized by the Board of Directors, I can confirm the company's Board of Directors is considering several scenarios in response to
shareholder concerns relating to liquidity of the company's stock.''
The company currently has approximately 11.4 million shares of common stock outstanding and approximately 1.5 million shares in the public float. A great percentage of these free trading shares are held by friendly long-term investors. Devorah Zirkind, CEO of Finders Keepers Inc. added ``We
our currently discussing the capital structure options that will be in the best long-term interests of our company. The Board of Directors will be meeting in the next 10 days to evaluate alternatives including a forward split and increasing total authorized shares.''
About Finders Keepers Inc.
Finders Keepers Inc. is a leader in locating lost and abandoned assets that have been escheated to State and Federal Government agencies, which are holding billions of dollars derived from dormant bank accounts, lost or forgotten stocks and bonds, forgotten safe deposit boxes, money from health benefits and lost assets belonging to Estates. Finders Keepers' website,
moneychest.com,
has thousands of different claims pending with government agencies for a variety of clients who have enlisted Finders Keepers, Inc., to assist them in locating and retrieving their lost funds. In addition to assisting individuals, Finders Keepers' corporate clientele include, but are not limited to, hospitals, law firms, and financial firms. Public dissemination of claim amount, which is held by State and Federal Government agencies on behalf of the claimant, is not permissible.
This press release contains forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as
amended. The Company's actual results could differ materially from those set forth in the
forward-looking statements as a result of the risks set forth in the Company's filings with the
Securities and Exchange Commission, changes in general economic conditions, and changes in the
assumptions used in making such forward-looking statements
SOURCE: Finders Keepers Inc. |
