Mike, as you are in the business, it would be nice to hear your comment as to the value of this activity to the stock price and direction now. Not pinning you down to details, just in general what could this mean for us in plain english?
"PHOENIX-(BUSINESS WIRE)-April 1, 19976 -- Dimensional Visions Group, Ltd. (OTC:DVGL) announced today that the Board of Directors is considering spinning off InfoFak, Inc. its wholly owned subsidiary.
The spin-off would be in the form of a non-taxable stock dividend payable to shareholders of record. Should the Board approve the proposed spin-off dividend, DVG would retain a majority interest in InfoFak, with approximately 10% being paid as dividends to the shareholders. DVG has retained the services of Millennium Holdings Group, Inc. to consult with on this matter. Millennium Holdings Group and its wholly owned subsidiary, Wall Street Associates will work with DVG's legal counsel regarding all aspects of the potential spin-off dividend.
The proposed spin-off dividend is being considered to allow each division to further focus on their sales product lines and core businesses. The spin-off dividend by Dimensional Visions Group is intended to enhance shareholder value.
Dimensional Visions Group, Ltd. produces and markets lithographically printed three-dimensional prints, trademarked DV3D(R), and an innovative voice playback system SmallTalk(TM), to be used with greeting cards, toys and other entertainment products, developed through InfoFak, Inc. its wholly owned subsidiary. InfoFak, Inc. manufactures and markets hardware and software systems which allow off-line information accessibility for those who require mobility in the use of large databases that change frequently.
CONTACT: Wall Street Associates
561/988-0471" |
