mtnres:
Here is what is going on elsewhere:
Lee
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Thursday February 5, 12:28 pm Eastern Time
Company Press Release
Bikers Dream Announces 1-for-5 Reverse Stock Split
SANTA ANA, Calif.--(BUSINESS WIRE)--Feb. 5, 1998--Bikers Dream Inc. (OTC/BB:BIKR
- news) Thursday announced it recently received shareholder consent and approval by its board of
directors for a one-for-five reverse stock split of the company's shares.
The effective date for the reverse stock split will be the close of trading on Feb. 5, 1998. The
company's common stock will trade under the symbol ''BIKRD'' for a period of 30 days, after
which the symbol will revert to ''BIKR''. The reason for the reverse stock split was to assist the
company in meeting the initial standards for the Nasdaq Small Cap market.
Following the reverse split, the company will have approximately 3.85 million common and
common equivalents outstanding (assuming the conversion of preferred shares to common shares
but not including outstanding options and warrants).
''Bikers Dream has applied for Nasdaq Small Cap listing, and the reverse stock split is one of the
steps necessary to help us complete the process,'' said Herm Rosenman, chief executive officer of
Bikers Dream.
Bikers Dream is a manufacturer and distributor of quality built American heavyweight cruiser
motorcycles. Corporate headquarters is located in Santa Ana, and the principal manufacturing
plant is located in Riverside, Calif.
Contact:
Bikers Dream, Santa Ana
Herm Rosenman, 800/927-4730 |
