To: vestor who wrote (923 ) 9/16/1999 11:54:00 AM From: Joe Griffin Read Replies (2) | Respond to of 941
Sara Hallitex Corp. Confirms Dividend Payments Completed For Tril-MediaNet.com & SaraOnline.com MARINA DEL REY, Calif., Sept. 15 /PRNewswire/ -- Garrett K. Krause, President and CEO of Sara Hallitex Corporation (OTC Bulletin Board: SHAL - news), announced that the Company has received confirmation from Depositary Trust Corporation, that restricted stock dividends for Tril-MediaNet.com, Inc. and SaraOnline.com, Inc. have been paid on behalf of all qualifying Sara Hallitex shareholders-of-record. The dividend warrants will be paid over the next 90 days. To reconfirm, terms and conditions in qualifying for these respective restricted stock dividends and warrants are as follows:For Tril-MediaNet.com, Inc. - shareholders-of-record receive one (1) share of Tril-MediaNet.com Rule 144 stock and one (1)right to purchase (Warrant) an additional share of Tril-Medianet.com for every five (5) shares of Sara Hallitex owned as of the official record date of January 13, 1999 . All Sara Hallitex stockholders-of-record as of this date are eligible for dividend. To further clarify, all shareholders owning Sara Hallitex stock purchased up to the close of trading on Friday, January 8, 1999 are eligible for this dividend. The Tril-MediaNet.com dividend is classified as a restricted stock dividend as defined by Rule 144 of the Securities and Exchange Commission.For SaraOnline.com, Inc. - shareholders-of-record receive one (1) share of SaraOnline.com Rule 144 stock plus one (1) right to purchase (Warrant) an additional share of SaraOnline.com for each four (4) shares of Sara Hallitex stock owned as of the official record date of May 26, 1999 . All Sara Hallitex stockholders of record as of this date are eligible for dividend. To further clarify, all shareholders owning Sara Hallitex stock purchased up to the close of trading on Friday, May 21, 1999 are eligible for this dividend. The SaraOnline.com dividend is classified as a restricted stock dividend as defined by Rule 144 of the Securities and Exchange Commission. Mr. Krause commented, ''These latest dividend distributions further reaffirms the Company's unwavering commitment to creating long-term value for our shareholders. Tril-MediaNet.com and SaraOnline.com are, and will continue to be, strong and viable companies for years to come.'' About SaraOnline.com, Inc. SaraOnline.com, Inc. was organized as the Internet focus and funding subsidiary of the venture banking firm Sara Hallitex Corporation and will concentrate on the development, funding and incubation of Internet-based companies targeting this exploding industry. In focusing on Internet properties, SaraOnline.com will enable Sara Hallitex Corporation to concentrate on the continued expansion of its diversified venture banking operations while maintaining a strong foothold in the lucrative Internet industry. SaraOnline.com became an independent operating entity July 1, 1999 and is planning to file a S-1 registration statement for its Initial Public Offering (IPO). About Tril-MediaNet.com, Inc. Tril-MediaNet.com, Inc. operates in the newly emerging field of ''Intertainment,'' combining the elements of the traditional entertainment industry with the explosive growth of the Internet technology industry. The Company currently conducts its operations through two subsidiaries: Tril-Media Entertainment, Inc., a ''traditional'' entertainment company with interests in music and filmed entertainment, television and related entertainment production; and Tril-Media Internet, Inc. an electronic-commerce firm engaged in the merging of traditional entertainment properties and projects with the emerging Internet industry. Tril-MediaNet Internet currently has holdings in WebIntervision.com, Inc., a celebrity-sponsored Internet Web portal for both viewers and providers of online content and e-commerce. Both companies are operating subsidiaries of Sara Hallitex Corporation (OTC Bulletin Board: SHAL - news), a public venture banking firm dedicated to acquiring and investing in companies, new technologies or projects that when fully-developed, can ''spin-out'' as Nasdaq publicly traded companies, providing solid and appreciable long-term portfolio enhancement for its shareholders. Statements in this release are made pursuant to the 'Safe Harbor' provisions of the Private Securities Litigation reform Act of 1995. Investors are cautioned that such forward-looking statements involve risk and uncertainties, including without limitation, continued acceptance of the Company's services increased levels of competition for the Company and dependence on the performance of the Management of the Company. For more on Tril-MediaNet.com, SaraOnline.com and Sara Hallitex Corporation look to the company's World Wide Web sites: www.Tril-MediaNet.com, www.SaraOnline.com or www.SaraHallitex.com. SOURCE: Sara Hallitex Corporation