Zippy Bags, Inc. Announces 2 for 1 Stock Dividend
16 Januar 2013 - 10:31PM
Zippy Bags, Inc. (OTCBB:ZPPB), a specialty hybrid sporting goods
bag manufacturing company, held an emergency board meeting to
address the Company's recent trading activities and new
shareholders.
"With the addition of numerous shareholders and our expanding
market awareness it is our intentions and obligations to ensure
that our old and new shareholders have confidence in the Company
and our forward looking goals, including a long term goal of
up-listing to one of the major stock exchanges which requires a
larger shareholder base,'' said Janet Somsen, CEO of Zippy Bags,
Inc.
To reward both new and old shareholders, the Company is offering
a 2 for 1 in-kind stock dividend for those shareholders owning
Zippy Bags, Inc. stock as of the record date. "This dividend
distribution with our liquid trading stock gives us the ability to
use company stock as tender for future acquisitions and expansion
without diluting our shareholder base," added Somsen.
The Company has already begun paperwork to process the dividend
for the immediate future. FINRA will provide the ex-dividend date
and payment date shortly thereafter. The ex-dividend date is the
first business day after the stock dividend is paid and is after
the record date. Any shares sold before the ex-date are selling the
right for the stock dividend. Any shares purchased before the
ex-date are buying the right for the stock dividend.
This corporate action does not reduce the market capitalization
of the Company. The stock dividend will increase the outstanding
shares from 90,000,000 shares to 180,000,000 shares. To find out
more about Zippy Bags, Inc. (ZPPB), visit the Company's website at:
www.zippybagsinc.com
Safe Harbor Disclaimer
This material includes forward-looking statements based on
management's Current reasonable business expectations. In this
document, the words "can," "anticipates," "believes" and similar
expressions identify certain forward-looking statements. These
statements are made in reliance on the Private Securities
Litigation Reform Act, Section 27A of the Securities Act of 1933,
as amended. There are numerous risks and uncertainties that could
result in actual results differing materially from expected
outcomes. The material should be read in conjunction with the
Company's current annual and quarterly reports filed with the SEC,
which contain discussions of currently known factors that could
significantly impact the Company's future.
CONTACT: Zippy Bags, Inc.
Janet Somsen
888-890-5692
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