ComTech Confirms Forward Stock Split
HOUSTON, Sept. 17 /PRNewswire/ -- ComTech Consolidation Group, Inc., (OTC Bulletin Board: CCGI) (``ComTech''
or the ``Company''), today announced that its 2 for 1 forward split of its common stock, first announced on August 27,
1997 is effective as of today.
ComTech president, Richard Behlmann stated, ``The reason for the forward stock split is to lessen the potential for stock
price volatility in anticipation of the soon breaking public relation campaigns which will be exposing ComTech for the first
time to thousands of new potential investors. The short term demand for ComTech shares could easily out pace the available
supply, thereby causing a sharp increase in share price. While ComTech needs additional shareholders to qualify for a
planned Nasdaq listing, we also want to maintain an orderly market for our shares. For each outstanding share of record as
of today, shareholders will receive one additional share for each share owned.''
In regard to the forward split, Mr. Behlmann went on to state, ``Existing shareholders can expect the market price to reflect
the forward split by a price reduction of a factor by two (2). If the market price as of last Friday was $9.50 per share, as a
result of the 2 for 1 forward split the market price will now reflect the price as $4.25 as shareholders now have 2 shares for
each share held (the same combined market value).''
ComTech, listed on the OTC-BB as CCGI, is an emerging growth company with core businesses in communication
technology services specializing in network security solutions. Information regarding ComTech can be found on its web site
( ccg.net ).
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