Infinite Networks Corporation (Pink Sheets: INNX) today issued a clarification of its previously announced stock dividend, a pay-out dividend related to the planned spin-off of the Company�s media and communications division known as Eller Industries, Inc. According to NASDAQ, all trades through the close of business (market close) on Friday, March 23, 2007, carry the right to receive this distribution. On Monday, March 26, 2007, the security begins to trade without the right to receive. The planned dividend calls for shareholders of Infinite Networks Corporation to receive seven (7) shares of Eller Industries, Inc. (Pink Sheet: ELRI) for each (1) share of INNX stock held. Infinite Networks shareholders will not be required to take any other action to receive these shares. The distribution of the dividend shares will begin March 26, 2007. Any questions on the dividend can be directed to Equiti-trend Advisors LLC, Infinite Networks� Investor Relations firm. Equiti-trend Representatives are available between 9:30 a.m. and 5:30 p.m. EST. This release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. Some of the statements contained in this press release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), that involve substantial risks and uncertainties. Some of the forward-looking statements can be identified by the use of words such as "anticipate," "believe," "estimate," "may," "intend," "expect," "will," "should," "seeks" or other similar expressions. Forward-looking statements are based largely on management's expectations and involve inherent risks and uncertainties. These risks include, but are not limited to, the demand for implementation of Infinite Networks Corporation services and the ability of the company to successfully implement its strategies, each of which may be impacted, among other things, by economic and/or competitive conditions. You should not place undue reliance on any forward-looking statement, which speaks only as of the date made. Many of these factors are beyond our control. The Company cautions that the foregoing factors are not exclusive.
Infinite Networks (CE) (USOTC:INNX)
Historical Stock Chart
Von Okt 2024 bis Nov 2024 Click Here for more Infinite Networks (CE) Charts.
Infinite Networks (CE) (USOTC:INNX)
Historical Stock Chart
Von Nov 2023 bis Nov 2024 Click Here for more Infinite Networks (CE) Charts.