UDS Group, Inc. Announces 2 for 1 Stock Split
22 März 2006 - 1:00PM
Business Wire
UDS Group, Inc. (Pink Sheets:UDSG) announced today that its board
of directors has approved a 2 for 1 (forward) stock split of the
company's outstanding common shares. Shareholders of record at the
close of business on April 21, 2006 will be entitled to the split,
receiving one additional UDSG share for every share they own.
"Based on the client relationships that UDS is building and their
decision to launch delivery operations utilizing UDSG's all
encompassing system, our strengthening financial outlook and the
healthy appreciation of our stock price, we are pleased to declare
this 2 for 1 stock split while meeting our primary corporate goal
of rewarding our shareholders," stated CEO Ryan Coblin. The
decision to move ahead with the stock split reflects the confidence
our management team has for the continued growth and expansion of
our delivery operations, which in turn will bolster the confidence
of our shareholders. Another built-in benefit of the stock split is
the creation of additional market liquidity for our stock and
reiterates our sharp focus on enhancing shareholder value. The UDSG
management team is extremely pleased with several recent
accomplishments. We have recently announced our projected clients
delivery sales forecast of $88 million comprising the fiscal years
of 2006-2007, achieving a debt-free status for the company, and the
fact that we are current in our financial filings with the plan to
move onto a larger exchange. UDSG keeps on making significant
progress with regard to the expansion of our consumer base, which
will directly impact our clients' delivery sales forecast. While it
is our goal to phase-in additional clients and territories, the
launch of our delivery system has opened revenue channels that are
the gateway to what we believe is a very bright future for UDSG. We
are excited to assist our clients in being able to deliver "What
You Want, When You Want It." Disclaimer: This report contains
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. All statements, other
than statements of historical fact, including statements regarding
industry prospects and future results of operations or financial
position, made are forward-looking. We use words such as
"projects," "projections," "anticipate," "believe," "expect,"
"intend," "estimate" (and the negative of any of these terms),
"future" and similar expressions to help identify forward-looking
statements. These forward-looking statements are subject to
business and economic risk and reflect management's current
expectations, and involve subjects that are inherently uncertain
and difficult to predict. Our actual results could differ
materially. We will not necessarily update information if any
forward-looking statement later turns out to be inaccurate. Risks
and uncertainties that may affect our future results include, but
are not limited to, market risks, contractual risks, restaurant
industry risks, revenue and cost risks, litigation risks, and risks
of having inadequate capital for operations.
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