<WAMEX>... Declares Dividend; Through Four-For-One Split of its Common Stock
NEW YORK--(BUSINESS WIRE)--Feb. 24, 2000--WAMEX Holdings, Inc. (OTC BB:WAMX), an internet and technology company dedicated to creating an efficient alternative market and exchange for individual and institutional investors, today announced that the Board of Directors has declared a 4-for-1 split in the form of a dividend of its common stock. Shareholders of record as of March 17, 2000 will be entitled to receive three additional shares of common stock for every one share held as of the record date.
Mitchell H. Cushing, Chairman, stated, "The Board deemed it appropriate, at this juncture in the Company's growth, to thank shareholders for their continued support of the Company through this dividend. Additionally, we believe that the stock split serves to provide greater liquidity for our shareholders as well as providing an enhanced opportunity to attract both individual, retail and institutional investors.
"We are extremely enthused by the significant strides the Company has made in the technology arena, with a growing base of strong strategic partners and funding initiatives. The Company remains confident that the WAMEX proprietary Alternative Trading System as well as its products and services will exceed the expectations of the investment community and individual on-line investors. We believe the investment community will embrace the clear and evolving distinction of the ATS versus all other on-line services and brokers," Cushing concluded.
The WAMEX lead product, the Alternative Trading System, addresses one of the largest and most active industries worldwide. The System enables a community of self-empowered investors to consummate transactions more efficiently and at a lower cost.
Safe Harbor Statement: This release may contain certain forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual events or results may differ from the Company's expectations.
CONTACT: DeMonte Associates, New York
Cynthia DeMonte
212/473-3700 |
