ANTs software.com Plans 2-for-1 Stock Split
biz.yahoo.com
SANTA BARBARA, Calif.--(BUSINESS WIRE)--Dec. 22, 1999--Donald R. Hutton, chairman of ANTs software.com (OTCBB:ANTS), today announced that the company's board of directors has voted in favor of carrying out a 2-for-1 stock split.
The stock split will be effected as a 100 percent stock dividend. Shareholders of record on Jan. 7, 2000, will be issued a certificate representing one additional share of common stock for each share of common stock held on the record date. The payment date for this stock dividend will be Jan. 14, 2000.
Hutton said, "We are taking these steps to increase the size of the trading float that is available in the company's common stock and to improve shareholder liquidity."
In order to enable the foregoing and facilitate any future requirements, the company intends to take the necessary steps to increase its authorized share capital to 100 million shares from its current level of 20 million shares.
For further information, consult the company's Web site at www.ANTssoftware.com.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "act"). In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "expect," "intend to" and similar conditional expressions are intended to identify forward- looking statements within the meaning of the act and are subject to the safe harbor created by the act. Such statements are subject to certain risks and uncertainties, and actual results could differ materially from those expressed in any forward-looking statements. Such risks and uncertainties include but are not limited to market conditions, competitive factors, the ability to successfully complete additional financings, and other risks.
CONTACT:
ANTs software.com, Santa Barbara
Donald R. Hutton, 805/687-4731
805/687-9412 (fax)
or
Prima Capital Corporate Communications, Santa Barbara
Elias Argyropoulos, 800/600-8599
KEYWORD: CALIFORNIA
BW0210 DEC 22,1999
10:18 PACIFIC
13:18 EASTERN |
