Thursday July 9, 3:05 am Eastern Time
Company Press Release
International Barter Corp Announces 2-For-1 Stock Split
SEATTLE--(BUSINESS WIRE)--July 9, 1998--Steven White, President and CEO of International Barter Corp. (IBC) (OTC:IBCX - news) announced today that its Board of Directors has approved a 2-for-1 stock split payable to shareholders of record as of the close of business on July 24, 1998.
Each outstanding share of IBC Common Stock will be split into two shares of IBC Common Stock. Certificates representing additional shares as a result of the stock split will be distributed on July 27, 1998.
The stock split is designed to improve trading liquidity and broaden ownership of the company's common shares. After the stock split, there will be approximately 4,200,000 shares outstanding.
White stated, ''We are very bullish about our company and are confident that our new e-commerce site, Ubarter.com, will be well received. The launch is right on target and we are eagerly awaiting our July 20 opening day. We are very pleased with the look, feel and dynamics of the site. The Ubarter site allows consumers and businesses an on-line service for bartering products and services.''
IBC is the first company to blend the world of business to business barter with the mass consumer market via the Internet. The new site, www.ubarter.com, will be launched on July 20. Ubarter.com is a wholly owned division of IBC.
Additional information on IBC may be obtained via their website at: www.ibinc.com.
To order an Investor Relations package please call: 800/292-7812
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Contact:
IBC
Steven White 206/870-9290 email: swhite@ibinc.com |
