SIIS (Struthers Industries) Message Board

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Microcap & Penny Stocks : SIIS (Struthers Industries)

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To: Rob Prickett who wrote (140)	1/2/1997 2:14:00 PM
From: bull_market	of 709

Thursday January 2 1:29 PM EDT Struthers announces .425-to-1 reverse stock split. LOS ANGELES--(BUSINESS WIRE)--Jan. 2, 1997--The board of directors of Struthers Industries, Inc. (OTC/BB:STIG) announced today that Struthers will effectuate a .425-to-1 reverse split of its outstanding shares of common stock. The effective date of the reverse stock split will be January 15, 1997, without any further action on the part of the Company or its stockholders. The Company's common stock will be converted into new common stock based upon the .425-to-1 conversion ratio. The Company has 24.7 million common shares currently issued and outstanding on a fully diluted basis. Struthers, through its acquisition of WINCOM Corp., is a telecommunications company which plans to provide advanced utility automation and data services primarily utilizing IVDS wireless communications technology. CONTACT: Sitrick and Company Michael Kolbenschlag or James Bourne, 310/788-2850

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