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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: kha vu who wrote (82675)	2/11/2000 1:29:00 PM
From: Northern Cougar	Read Replies (2) \| Respond to of 120523

Kha ISLD a big gem on the move! sentyou an email today N.C.

To: kha vu who wrote (82675)	2/11/2000 2:29:00 PM
From: bebu	Read Replies (1) \| Respond to of 120523

Here's one for you GLAR: Thursday February 10, 9:31 am Eastern Time Company Press Release Glas-Aire Industries Group Ltd. Announces Bonus Share Dividend and Increase to Authorized Shares STUART, Fla.--(BUSINESS WIRE)--Feb. 10, 2000--Glas-Aire Industries Group Ltd. (``Glas-Aire' or the ``Company') (Nasdaq:GLAR - news; PSE:GLA), a leading designer, developer, manufacturer and marketer of original equipment automotive wind deflector accessories to automobile manufacturers world-wide announces share dividend and increase to authorized shares. To meet NASDAQ National Market System listing criteria of 1.1 million shares in the public float, the Board of Directors has authorized a special stock dividend of 18.5% to be paid to shareholders of record on March 10, 2000 concurrent with the Company's second 2.5% quarterly stock dividend announced on November 11, 1999 and also to be paid to shareholders of record on March 10, 2000. These stock dividends will result in the issuance of approximately 419,100 additional shares of common stock. Currently there are 1, 995,480 shares of common stock issued and outstanding. According to William R. Ponsoldt, Sr. the Company's Chairman and CEO, ``As of the completion of the Company's audit for fiscal year 2000 which ended January 31, 2000, and with the conclusion of this stock dividend, the Company will meet all listing criteria for NASDAQ's National Market System and it is the Company's intent to make application to NASDAQ at that time. Additionally, the Board of Directors feels the bonus stock dividend is in the best interest of the shareholders who have supported the Company and believe in its future success.' Further, the Company announced that action is being taken to increase the number of authorized shares of common stock from 3,000,000 to 30,000,000. Mr. Ponsoldt stated, ``This increase in the number of authorized shares is necessary in order to provide additional shares for the Company's aggressive acquisition strategy.'