FDKP NEWS just out...
NEW YORK, July 20 /PRNewswire/ -- Finders Keepers Inc.
(OTC Bulletin Board: FDKP - news), Finders Keepers, a leader in providing
confidential unclaimed property location services would like to comment on the
recent increase in both share price and volume. According to Alan Zazoff,
Managing Director of Zazoff Associates L.L.C., the Company's Investor
Relations firm, "Yesterday, we became aware that a rumor was circulating among
the investment community regarding a forward split. While a stock split has
not been authorized by the Board of Directors, I can confirm the company's
Board of Directors is considering several scenarios in response to shareholder
concerns relating to liquidity of the company's stock."
The company currently has approximately 11.4 million shares of common
stock outstanding and approximately 1.5 million shares in the public float. A
great percentage of these free trading shares are held by friendly long-term
investors. Devorah Zirkind, CEO of Finders Keepers Inc. added "We our
currently discussing the capital structure options that will be in the best
long-term interests of our company. The Board of Directors will be meeting in
the next 10 days to evaluate alternatives including a forward split and
increasing total authorized shares."
About Finders Keepers Inc.
Finders Keepers Inc. is a leader in locating lost and abandoned assets
that have been escheated to State and Federal Government agencies, which are
holding billions of dollars derived from dormant bank accounts, lost or
forgotten stocks and bonds, forgotten safe deposit boxes, money from health
benefits and lost assets belonging to Estates. Finders Keepers' website,
moneychest.com, has thousands of different claims pending with
government agencies for a variety of clients who have enlisted Finders
Keepers, Inc., to assist them in locating and retrieving their lost funds. In
addition to assisting individuals, Finders Keepers' corporate clientele
include, but are not limited to, hospitals, law firms, and financial firms.
Public dissemination of claim amount, which is held by State and Federal
Government agencies on behalf of the claimant, is not permissible.
This press release contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended and Section 21E of
the Securities Exchange Act of 1934, as amended. The Company's actual results
could differ materially from those set forth in the forward-looking statements
as a result of the risks set forth in the Company's filings with the
Securities and Exchange Commission, changes in general economic conditions,
and changes in the assumptions used in making such forward-looking statements |
