BANI Banneker Inc (CE)

Mr. Derrick Holmes, CEO Banneker Inc. (PINKSHEETS: BANI) announced today that during a Special Meeting of the Board of Directors the Company has approved a 12 for 1 forward split of the Company's common stock.

The common stock will be split twelve-for-one (12:1), twelve new common shares for one currently issued and outstanding common share. The effective date of the split is February 6, 2009.

"This forward stock split is intended to lay the groundwork for the anticipated growth of the Company," said Chairman Derrick Holmes. "It is also part of our ongoing efforts to improve trading liquidity, broaden ownership, promote capital investment and enhance shareholder value."

About us:

Banneker, Inc. is a manufacturer and distributor of quality watches and fine jewelry based on the legend of Benjamin Banneker. Esteem Enterprises, a wholly owned subsidiary of Banneker, Inc., teamed with Jostens, Inc. and created the first ever urban line of graduation jewelry and class rings for High School and College students.

Safe Harbor Statement:

Except for historical information contained herein, the matters set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors such as the level of business and consumer spending, the amount of sales of the Company's products, the competitive environment within the industry, the ability of the Company to continue to expand its operations, the level of costs incurred in connection with the Company's expansion efforts, economic conditions in the industry and the financial strength of the Company's customers and suppliers. The Company does not undertake any obligations to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties.

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