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Strategies & Market Trends : YEEHAW CANDIDATES

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To: Ken W who wrote (18824)9/27/2006 5:40:17 PM
From: Galirayo  Read Replies (1) of 23958
 
[ALAN / The Evil One] Didn't give any details of the Reverse Split announced today.

Alanco Announces Plan for Mid-October Reverse Stock Split
Wednesday September 27, 9:00 am ET

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Alanco Technologies, Inc. (NASDAQ: ALAN - News), a leading provider of wireless tracking and asset management solutions, today announced plans to reverse split its common stock effective October 16, 2006, in order to regain compliance with NASDAQ's minimum $1.00 bid price requirement for continued listing. The actual reverse split ratio will be determined and authorized by the Company's Board of Directors based upon market conditions and Company developments. The Company had previously received authority from its shareholders to effect a reverse split in order to maintain its NASDAQ listing.
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