(BSNS WIRE) SC&T International Inc. Announces a Reverse Split of Its Com
SC&T International Inc. Announces a Reverse Split of Its Common Shares
Business Editors
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--April 26, 1999--SC&T
International Inc., (OTC BB:SCTU) Monday announced a reverse split of
its common shares.
James Copland, chairman & chief executive officer for the company
stated, "The reverse has taken place to help the company maintain its
listing on the OTC-BB exchange, and in the company's ongoing efforts
to regain its listing on the NASDAQ stock exchange."
The NASDAQ requires a minimum trading level of $5.00 per share.
The reverse is one (1) new share of common stock for eighteen (18)
shares of your old common stock. The affect of the reverse split will
reduce the float to approximately 2.8 million shares. "This was a hard
business decision, however the upside potential has far greater
opportunities for the company and its shareholders", Copland stated.
As SC&T's largest shareholder, Copland will also participate in
the affects of the company's decision to invoke the split. SC&T
International Inc., develops and markets racing wheels, game
controllers and sound enhancement products for the rapidly growing PC
and Video Game arenas.
Developer of the worlds first Force Feed Back racing wheel, the
company also holds patents, and receives licensing revenues for these
technologies. SC&T's Air Racer(TM), Per4mer(R), and Ultimate
Per4mer(R), are the world's fastest growing brand names for Video Game
and PC accessory and peripheral products.
SC&T have wholly owned subsidiaries in Hong Kong and Europe with
strategic marketing alliances in Canada and South America.
For further information visit SC&T's website at www.per4mer.com
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CONTACT: SC&T International Inc.
James Copland, 602/368-9490
KEYWORD: ARIZONA INTERNATIONAL EUROPE
INDUSTRY KEYWORD: ENTERTAINMENT COMPUTERS/ELECTRONICS COMED
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