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ZANN Corp Announces 3:1 Forward Split
Monday April 25, 12:15 pm ET
FENTON, Mich.--(BUSINESS WIRE)--April 25, 2005--ZANN Corp. (OTCBB:ZANC - News) announced today that Zann Corp is doing a 3:1 forward stock split of its common shares. The Company will be issuing 3 common shares for each common share held on the record date of May 2, 2005. The effective date of the split will be May 3, 2005. The shareholder is required to submit a certificate in order take advantage of this split. Shares acquired up to and on April 27, 2005 would be eligible to receive the split shares.
According to Robert C Simpson - CEO, "The forward split should benefit our shareholders in several ways. One of the most important factors is the certificate exchange, which should help us to identify the magnitude of the short position we believe exists in our stock. Additionally, this split will help us by creating a larger number of legitimate shares as we move out of the development phase into the production and growth phase of our business."
Simpson went on to say, "We are continuing to work on a licensing agreement for Sartam Industries products. When an agreement is reached, appropriate notification will be given. A completed agreement will give us a third family of products to produce and distribute."
ABOUT ZANN CORP
Sicherheitshalber. Meine erste Position liegt bei 0,05
News!!!
ZANN Corp Announces 3:1 Forward Split
Monday April 25, 12:15 pm ET
FENTON, Mich.--(BUSINESS WIRE)--April 25, 2005--ZANN Corp. (OTCBB:ZANC - News) announced today that Zann Corp is doing a 3:1 forward stock split of its common shares. The Company will be issuing 3 common shares for each common share held on the record date of May 2, 2005. The effective date of the split will be May 3, 2005. The shareholder is required to submit a certificate in order take advantage of this split. Shares acquired up to and on April 27, 2005 would be eligible to receive the split shares.
According to Robert C Simpson - CEO, "The forward split should benefit our shareholders in several ways. One of the most important factors is the certificate exchange, which should help us to identify the magnitude of the short position we believe exists in our stock. Additionally, this split will help us by creating a larger number of legitimate shares as we move out of the development phase into the production and growth phase of our business."
Simpson went on to say, "We are continuing to work on a licensing agreement for Sartam Industries products. When an agreement is reached, appropriate notification will be given. A completed agreement will give us a third family of products to produce and distribute."
ABOUT ZANN CORP
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