VersaCOM International Announces Forward Stock Split
BOCA RATON, Fla., Aug 10, 2001 (BUSINESS WIRE) -- VersaCOM International Inc.'s (OTCBB: VERC chart, msgs) Board of Directors unanimously approved a 1.2 for one forward split of its outstanding shares. The split is effective August 20, 2001, and requires a mandatory exchange of stock certificates to receive the dividend shares, Fred Schwartz, Chief Executive Officer and President of VersaCOM, announced today.
"We see this as an opportunity to increase the number of available shares in the market and to reward our company shareholders with a greater number of shares," said Schwartz. "Our business prospects should quickly escalate the company's growth, and that growth should, in turn, be reflected in our share value. We approved this, in part, to ensure that all our currently trading shares are in fact authorized and appropriately backed by the required certificates," explained Schwartz.
Certificate(s) should be forwarded to Atlas Stock Transfer, 5899 South State Street, Murray, Utah 84107, together with a check in the amount of $15 for each certificate (not each share) for each new certificate to be issued. If you request that your shares be issued to some other person or entity, please ensure that your certificate has been signed and "Medallion" guaranteed. Most brokers and commercial banks can provide this service.
VersaCOM International, Inc. is a Boca Raton, Florida based full-service provider of telecommunications systems, data networks and related products and services throughout the United States. In addition to designing, distributing, installing and programming telecommunications and data systems, VersaCOM offers cabling, training, product customization and 24 x 7 customer support and maintenance. VersaCOM also markets local and long distance communications services as an authorized BellSouth partner and a reseller for Cable and Wireless. Lastly, VersaCOM's technicians and engineers provide on-site system/network administration and other technical support. VersaCOM specializes in providing voice and data solutions to companies with more than one business location. These companies have special needs for consistent, responsive services. VersaCOM International, Inc. was incorporated in Florida in January 1999. In addition to the corporate headquarters in Boca Raton, the company has regional operations in the Baltimore-Washington metropolitan area and the New York-New Jersey metropolitan area, Winter Garden, FL serving Orlando and central Florida and southern Maine serving the New England states. It also employs a Vice President of Marketing in Southern California. For more information on VersaCOM International's products and services, please see their web site at: versacominc.com
This press release contains forward-looking statements. The words "estimate," "possible" and "seeking" and similar expressions identify forward-looking statements, which speak only as to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. Forward-looking statements are inherently subject too risks and uncertainties, some which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks.
Contact:
For VersaCOM International, Inc.
Noble House of Boston, Casselberry, Fla.
Tori Jacobs, 888/217-2553 |
