To: Alan Garland Brown who wrote (25621 ) 2/8/2000 8:14:00 AM From: Debbie777 Respond to of 150070
Any of you get stuck holding MIDL shares? There is still HOPE for us! (BSNS WIRE) Midland, Inc. Announces Intent to Declare an Interim Stock D Midland, Inc. Announces Intent to Declare an Interim Stock Dividend Business Editors ATLANTA--(BUSINESS WIRE)--Feb. 7, 2000--Midland, Inc (OTC:BB MIDL) announced today that it intents to declare an interim stock dividend. The dividend will consist of approximately 1,300,000 common shares of CBQI, Inc. (OTC:BB CBQI) The present value of these shares as based on the closing bid price of $11.625 for CBQI on February 7, 2000, approximated $15,112,500.00 in aggregate market value. The dividend will be made after the restricted legend on the CBQI shares has been removed. It is anticipated this will occur on or immediately after November 19, 2000. The shareholders date of record and ex-date will be announced at the annual shareholder meeting, which will be announced as soon as practical after the filing of the 1999 10KSB. It is anticipated that a registration statement will be filed following the 1999 10KSB to allow the exercise of outstanding warrants. The warrant holders will have the opportunity if they choose to exercise one Midland warrant to acquire one Midland common share for $.50. Midland is presently not trading and has no operating business. After the filing of the 1999 10KSB, it is the intent of Midland to pursue future corporate opportunities and locate a sponsor to file a 15c211 to allow trading in Midland securities. The Board of Directors has accepted Mr. Gary Swancey's offer to serve as Midland's interim, voluntary,independent, uncompensated,investor relations contact. The statements contained in this release which are not historical facts contain forward-looking information with respect to plans,projections, or future performance of the Company, the occurrence of which involve certain risks and uncertainties, including risk of market acceptance, the effect of economic conditions, the impact of competitive pricing, supply constraints, the effect of the Company's accounting policies, as well as certain other risks and uncertainties which are detailed in the Company's filings with the Securities and Exchange Commission. --30--sdg/ny* CONTACT: Gary G. Swancey 770 389-5645 KEYWORD: GEORGIA INDUSTRY KEYWORD: INTERNET E-COMMERCE DIVIDEND Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com *** end of story ***