SSCP: It's official...
( BW)(NJ-STEREOSCAPE.COM)(SSCP) stereoscape.com Announces Effective Date for 15 for 1 Stock Split
Business Editors
FREEHOLD, N.J.--(BUSINESS WIRE)--Sept. 19, 2000--stereoscape.com, inc. (OTC-BB: SSCP) today announced that a 15 for 1 stock split of its common shares will be effective at the close of business on September 29, 2000.
At the Company's Annual Shareholder meeting this morning all proposals were approved by an overwhelming vote. Among other proposals passed at the meeting, the shareholders approved an increase in its authorized shares to 200,000,000, thereby paving the way to complete the previously announced stock split. The increase in authorized common stock is just another step the Company is taking toward achieving its goals. With the additional authorized shares the Company is currently looking to diversify and acquire other Internet related companies via accretive stock transactions. These companies may be spun-off to the Company's shareholders to enhance overall shareholder value.
stereoscape.com through its Alpha Sound and Vision, Inc. and American Buyers Club International, Inc. subsidiaries the Company sells high-end audio, video and home theatre equipment through the Internet and its retail outlet in Freehold, New Jersey.
The Company's E-Piggybank.com, Inc. subsidiary is a financial and educational website that instructs kids on a "learn by doing" basis to become financially literate so that they will be intelligent savers, investors and spenders as they grow up.
This release contains forward-looking statements that involve risks and uncertainties. The Company's actual results may differ materially from the results discussed in the forward-looking statements. Factors that might cause such a difference include, among others, general economic and business conditions; industry trends; the loss of major customers; changes in demand for the Company's product; the timing of orders received from customers; dependence on third party sources of supply; the loss of licenses; availability of management; availability, terms and deployment of capital; and changes in state or federal governmental regulations of telecommunications services. |
