Friday July 28, 1:38 pm Eastern Time
Company Press Release
SOURCE: Finders Keepers Inc.
Finders Keepers Inc. (FDKP)
Shareholders Calling in Certificates
NEW YORK, July 28 /PRNewswire/ -- Finders Keepers Inc. (OTC Bulletin Board: FDKP -
news), has received notification from several large current shareholders that they have requested their
stock certificates from brokerage firms to be delivered to them in lieu of the their current FDKP
shares held in street name.
The current share structure consists of 11,554,418 issued and outstanding shares with 10,062,000
restricted shares leaving only 1,492,418 available for trading. The company has addressed the issue
of the low number of available shares for trading by announcing a 7:1 forward stock split with the
record date being August 7, 2000.
Finders Keepers, Inc has traded 5,616,300 shares over the last 8 trading days. Many investors have
called the company to complain about potential Market Maker shorting of the stock. The company is
not aware of any Market Maker short positions.
The company is currently working on completing it's 10Q for the quarter ending June 30, 2000. It is
anticipated that the filing will be completed before the August 15, 2000 deadline.
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.
Forward-looking statements:
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.
Contact: Investor Relations of Zazoff Associates, L.L.C., 973-515-8515, or zazoff_alan@msn.com, for Finder Keepers Inc.
SOURCE: Finders Keepers Inc. |
