Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: Jim B who wrote (11784)	7/15/1999 2:09:00 PM
From: Koda Ridge	Respond to of 108040

DDEQ News--This is a great way to issue a dividend. Eric COMTEX) B: Diamond Equities Inc. Announces Clarification of Dividend B: Diamond Equities Inc. Announces Clarification of Dividend TEMPE, Ariz., Jul 15, 1999 (BUSINESS WIRE via COMTEX) -- Diamond Equities Inc. (OTC BB:DDEQ), Thursday announced clarification for the dividend announcement released on July 6, 1999. Diamond Equities Inc. (DDEQ) will be issuing a dividend to its qualified shareholders of one (1) GoProfit share for every five (5) shares of Diamond Equities Inc. held at the close of the market on July 20, 1999. To qualify for the dividend, you must be a shareholder of record at the close of the market on July 20, 1999. The GoProfit shares will be issued to the qualified Diamond shareholders once they have been registered with the SEC through the GoProfit IPO. Eligible shareholders may sell or transfer their shares of Diamond Equities Inc. (DDEQ) after the date of record (7/20/99) without losing their right to the dividend. Diamond Equities Inc. currently holds approximately 9.6 million (which is approximately 90%) of the shares of GoProfit.com Inc. Diamond will issue, when registered, approximately 1.2 million shares of GoProfit to its qualified shareholders through the dividend. The remaining 8.4 million shares will be retained by Diamond and Diamond will continue to have a controlling interest in GoProfit after the dividend is issued until the stock is diluted through the IPO. From time to time, the company may issue forward-looking statements which involve risks and uncertainties. This statement may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Actual results could differ and a forward-looking statement should be considered accordingly. For more in formation, contact David Westfere, president, Diamond Equities Inc.602/462-5900. Copyright (C) 1999 Business Wire. All rights reserved. -0- CONTACT: Diamond Equities Inc. David Westfere, 602/462-5900 WEB PAGE: businesswire.com GEOGRAPHY: ARIZONA INDUSTRY CODE: COMPUTERS/ELECTRONICS COMED INTERACTIVE/MULTIMEDIA/INTERNET Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. * end of story *