GRCI hits $32..stock split announced.
Genroco Declares Stock Split
Genroco Declares Stock Split
SLINGER, Wis., Sep 22, 1999 (BUSINESS WIRE) --
Stock Dividends to Increase Company's Float
GENROCO, Inc. (GENROCO) (OTC Bulletin Board: "GRCI"), a world leader
in Storage Area Network (SAN) technology announced today that it will
immediately undertake a three for one stock split in order to increase
the number of its tradeable shares and reduce the price of a minimum
one hundred share block of stock for small investors.
Stockholders will receive two new shares of GENROCO common stock for
each current share that they hold, thereby tripling the number of
outstanding shares. Upon completion of the stock split, there will be
approximately four million shares outstanding with about 750,000 shares
in the "float".
GENROCO began trading publicly through the "pink sheets" in October
1988 and is currently carried on the OTC Electronic Bulletin Board.
After closing at a then all-time high of $9 per share on September
17th, 1998, the Company's stock did not exceed that mark until July 17
of this year when it closed at $9.50. Since that time, the stock has
closed as high as $23.25 and has traded as high as $25.
THIS NOTIFICATION OF THE AVAILABILITY OF GENROCO STOCK IS NOT AN
OFFERING, A SOLICITATION, OR A RECOMMENDATION.
About GENROCO
GENROCO, Inc. is a 25 year old, publicly traded engineering and
marketing company that specializes in developing I/O solutions for
users of high performance storage area networks (SANs). By providing
cross-platform support for its patented technology, the Company is able
to offer unique, extraordinarily high bandwidth, low host overhead
products for these markets. GENROCO enjoys a global customer base that
includes Compaq, Fujitsu, SGI, Sun, the US Departments of Defense and
Energy, CERN, and other research institutions.
SOURCE: DigitalWork ( digitalwork.com )
WHERE SMALL BUSINESS GOES TO WORK
Copyright (C) 1999 Business Wire. All rights reserved.
Best, Savant |
