last day to get the FMED 6:1 forward split:
(COMTEX) B: Fortune Media Announces Name Change
B: Fortune Media Announces Name Change
NESCONSET, N.Y., Oct 31, 2000 /PRNewswire via COMTEX/ -- Fortune Media, Inc.,
(OTC Bulletin Board: FMED) announced today that it is taking the following
actions to revitalize and renew its operations. The Company will be filing a
Certificate of Amendment with the State of Delaware to amend its name to
Cyberedge Enterprises, Inc. and to increase the authorized Common Stock to
120,000,000 shares. The Company is going to concentrate on developing and
marketing conventional and Internet-based businesses, such as the ones it
already owns, www.worldofindie.com and www.muzicbiz.com.
The Company also announced that Carl W. Stolz has been elected to the Board of
Directors and as President and CEO of the Company. Mr. Stolz has extensive
experience in the operation of successful businesses and the development of
business ideas into full-fledged operating entities. In the past he was the
Chief Operating Officer of several theme restaurants in Long Island.
Finally, the Company has announced that the Board of Directors has declared a
six-for-one forward stock split of the Company's Common Stock. The record date
for the split is November 1, 2000, payable on November 9, 2000.
The Company has established its offices at 110 Smithtown Boulevard, Nesconset,
New York 11767. The phone number is 631-361-9733.
Statements contained in this press release that are not historical facts are
forward-looking statements as that term is defined in the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements are subject to
risks and uncertainties that can cause actual results to differ materially from
estimated results. Such risks and uncertainties are detailed in the Company's
filings with the various Regulatory Authorities having jurisdiction.
SOURCE Fortune Media, Inc.
CONTACT: Fortune Media, Inc., 631-361-9733
(FMED)
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