New Press Release on Clarification:
Diamond Equities Inc. AnnouncesClarification of Dividend
July 15, 1999 01:44 PM
TEMPE, Ariz.--(BUSINESS WIRE)--July 15, 1999--Diamond Equities Inc. DDEQ ,
Thursday announced clarification for the dividend announcement released on July 6, 1999.
Diamond Equities Inc. (DDEQ) will be issuing a dividend to its qualified shareholders of one
(1) GoProfit share for every five (5) shares of Diamond Equities Inc. held at the close of the
market on July 20, 1999. To qualify for the dividend, you must be a shareholder of record at
the close of the market on July 20, 1999.
The GoProfit shares will be issued to the qualified Diamond shareholders once they have
been registered with the SEC through the GoProfit IPO. Eligible shareholders may sell or
transfer their shares of Diamond Equities Inc. (DDEQ) after the date of record (7/20/99)
without losing their right to the dividend.
Diamond Equities Inc. currently holds approximately 9.6 million (which is approximately
90%) of the shares of GoProfit.com Inc. Diamond will issue, when registered,
approximately 1.2 million shares of GoProfit to its qualified shareholders through the
dividend.
The remaining 8.4 million shares will be retained by Diamond and Diamond will continue to
have a controlling interest in GoProfit after the dividend is issued until the stock is diluted
through the IPO.
From time to time, the company may issue forward-looking statements which involve risks
and uncertainties. This statement may contain 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.
Actual results could differ and a forward-looking statement should be considered
accordingly.
For more in formation, contact David Westfere, president, Diamond Equities Inc.
602/462-5900.
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