VCSY- NOW THIS IS THE KIND OF NEWS THAT I ACTUALLY
THREW 50K AT ON FRIDAY..
CHINA PLAY THAT SHOULD BE BACK UNDER A DOLLAR AFTER THE FORWARD
SPLIT...NOW THAT IS WHAT I THOUGHT WAS LOW RISK..
CHECK THE NEWS THIS YEAR ALONE..
Vertical Computer Systems Announces Twenty-For-One Forward Stock Split
LOS ANGELES, Jan. 28 /PRNewswire/ -- Vertical Computer Systems, Inc. (OTC Bulletin Board: VCSY) announced today that its board of directors has approved a twenty-for-one forward stock split of the Company's common stock. The record day for the split will be February 7, 2000 with the date of distribution set for February 11, 2000. The Company's common stock will be quoted on a post-split basis as of February 14, 2000. The Company advises that shareholders do not need to take action to receive the additional shares. Existing certificates should not be destroyed nor returned to the Company and will continue to represent the number of shares indicated. New certificates will be issued for the balance of shares due. The twenty-for-one stock split will not change the shareholders existing proportionate ownership.
Richard Wade, President, commented, "As a growing Internet provider, we feel that it is important for us to broaden the marketability and liquidity of our stock to all our shareholders."
About Vertical Computer Systems
Vertical Computer Systems, Inc. is a multi-lingual portal provider, and e-commerce solutions company, based in the United States. The Company provides a full range of Internet services that: build e-commerce solutions nationally and internationally, distributes content via its multi-lingual portal networks (http://www.TheChinaBridge.com; shoppinginternet.com) and provides proprietary online gaming software (http://www.ccpsoftware.com). Vertical Computer Systems is committed to building communities, allowing the development of the Internet in the Americas, Europe, Asia and Pacific Rim.
Forward-looking statements in this release are made pursuant to the Safe Harbor provision of the Private Securities Litigation Act of 1995. These forward-looking statements are subject to certain risks and uncertainties and actual results could differ from those discussed. This material is information only, and is not an offer or solicitation.
SOURCE Vertical Computer Systems, Inc.
CO: Vertical Computer Systems, Inc.
ST: California
IN: CPR
SU:
01/28/2000 14:38 EST prnewswire.com |
