To All,
Company Press Release
National Boston Medical Announces One for Four Split,
and Fragrance Express Stock Dividend
Pompano Beach Florida - National Boston Medical (OTC BB: NBMX) Announces one for four split, and Fragrance Express stock dividend.
National Boston Medical, as part of its share exchange agreement and in preparation for filing a Form 10 effected a one for four reverse split of its common stock. The Company will be fully reporting upon acceptance of its Form 10 by the Securities and Exchange Commission. The Company intends to apply for NASDAQ Small Cap market upon acceptance of the Form 10.
Shareholders of record of Fragrance Express, Inc., as of the close of business October 8, 1998 will be issued a dividend of one share of Class B Convertible Preferred stock in Fragrance Express, Inc., a wholly owned subsidiary of National Boston Medical, Inc., for every ten shares held in Fragrance Express on October 8, 1998.
This Class B Convertible Preferred stock may be converted into common stock of Fragrance Express upon the earlier of three years after October 8, 1998 or upon spin off of Fragrance Express, Inc., after one year. These shares will convert into 2 shares of common stock each.
Information concerning National Boston Medical may be obtained by visiting the Company's web site www.NBMEDICAL.com or by contact Baron-Marney Capital, Ltd. at 1-800-680-4744. |
