SWTI 10-1 Forward split.Systems West, Inc. Announces Ten-for-One Forward Stock Split
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SWTI $0.63 $0.03
Quotes 20 min delay.
Monday September 25 8:32am
Source: PR Newswire
MARINA, Calif., Sept. 25 /PRNewswire/ -- Systems West, Inc. (OTC Bulletin Board: SWTI) (www.syswest.com ) announced today, that it has officially declared Monday, September 25, 2000 as the effective date for its ten-for-one (10:1) forward stock split.
"This action was taken in order to enhance the capital structure of Systems West, Inc., and to help create more liquidity for the entire investment community. It is expected to improve the company's ability to raise capital and use common stock for future business acquisitions," says Douglas Timms, Chairman of Systems West, Inc.
With headquarters in Marina, California, Systems West, Inc. is an international weather satellite information systems integrator, manufacturing ground station systems and the "WeatherWeb" server, an integrated message switching, database management, and Internet access system. The company is one of the industry's leading producers of systems that allow acquisition and display of data from all international and domestic public weather satellite image broadcasts.
This press release may contain forward-looking statements within the meaning of section 27A of the securities Act of 1933 and sections 21E of the Securities Exchange Act of 1934, and are subject to the safe harbor created by these sections. Such forward looking statements, particularly as related to the business plans of the company, expectations of strategic relationships, business opportunities, acquisitions of capital equipment, availability of investment capital and future financing, and the company's ability to gain market share, are based on current expectations that involve a number of risks and uncertainties. Actual results may differ materially from the company's expectations and estimates.
Source: Systems West, Inc.
Contact: Douglas Timms of Systems West, Inc., 404-237-4721, or dtimms@mindspring.com |
