Atlantis Technology Group (OTCBB: ATNOD) announced today, as part of a comprehensive organizational plan and to create the potential for greater market liquidity, the company has committed to a three-for-one forward stock split of the issued and outstanding shares of the Company's common stock.
Atlantis shareholders of record at the close of business on November 16, 2007 will automatically receive two additional shares of common on the pay date of November 21, 2007 constituting a three-for-one forward stock split.
The forward stock split was unanimously approved by the Board of Directors. The number of Atlantis Technology Group shares outstanding will triple as a result, constituting what the Company expects to provide greater availability of common stock in the public marketplace, to help improve future market liquidity and further diversify the Company's shareholder base.
Atlantis Technology Group CEO Tim DeHerrara said, "We believe this move will allow the company to preserve capital and allow for reinvestment and growth. We are grateful for the support of our shareholders and want to reward them with potential for a greater return on their investment."
The forward stock split will occur automatically to Atlantis Technology Group shareholder accounts from the company treasury on November 21, 2006, at the applicable market price as of that date.
Thursday, November 8, 2007
Atlantis Technology Group Announces Three-for-One Forward Stock Split
Sender
Toygun Mavinil
Time:
1:12 AM
Category technology
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