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Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes -- Ignore unavailable to you. Want to Upgrade?

To: Dan Lisman who wrote (9347)	4/21/1998 9:58:00 PM
From: kentoo	Read Replies (1) \| Respond to of 34592

KTEL will see INSANE trading tomorrow. CALABASAS, Calif.--(BUSINESS WIRE)--April 21, 1998--K-tel International Inc. (Nasdaq:KTEL - news) Tuesday announced that is board of directors has declared a 2-for-1 stock split to be paid in the form of a stock dividend, payable to its shareholders of record on May 1, 1998 (the ''Record Date''). The stock dividend will be payable on or about May 8, 1998. Shareholders will receive one additional share of K-tel stock for every one share of common stock held on the Record Date. The total number of shares outstanding will increase to approximately 7.8 million. David Weiner, K-tel president, said, ''A 2-for-1 stock split will further enhance the availability and affordability of K-tel stock. Increasing our outstanding shares affords the retail investor greater opportunity to participate in the future of K-tel.'' K-tel International is a vertically integrated developer, marketer and distributor of a variety of entertainment and consumer products worldwide. The company markets its product lines through retailers, mail order, direct response, the Internet (scheduled to begin May 1, 1998, www.ktel.com) or licensees throughout the world. K-tel has active operations in the United States, Canada, United Kingdom, Germany, France, Belgium, Austria, Switzerland, Luxembourg and Finland. The statements in this news release may contain forward-looking statements that involve risks and uncertainties that could cause actual results to differ from predicted results. These risks are further discussed in forms 10-Q and 10-K filed by the company with the Securities and Exchange Commission. The company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements.