MANASSAS, Virginia,
September 16, 2010 /PRNewswire/ -- In
recognition of the company's over target performance, 8000inc today
announced that its board of Directors approved 30% of company
retained profits will be allocated for a shareholder cash dividend
on the company's common shares for all shareholders of record as of
30th September 2010. Due to the
significant reported shareholder equity, should this cash dividend
fall below US$0.10 per share, the
company reserves the right to convert this payment to a 1 for 10
(10%), stock dividend ensuring shareholder value and return. The
dividend will be payable on October 15th,
2010 to all shareholders of record as of 30th September 2010.
Tom Kelly said, "Having reached
so many milestones and delivering over and above its plan, it is
only right that the company acknowledges and rewards its
shareholders."
This news release contains forward-looking statements that are
subject to certain risks and uncertainties that may cause actual
results to differ materially from those projected on the basis of
such forward-looking statements. The words "estimate," "project,"
"intends," "expects," "believes," and similar expressions are
intended to identify forward-looking statements. Such
forward-looking statements are made based on management's beliefs,
as well as assumptions made by, and information currently available
to, management pursuant to the "safe-harbour" provisions of the
Private Securities Litigation Reform Act of 1995. For a more
complete description of these and other risk factors that may
affect the future performance of 8000 Inc. see "Risk Factors" in
the Company's Annual Report on Form 10-KSB and its other filings
with the Securities and Exchange Commission. Readers are cautioned
not to place undue reliance on these forward-looking statements,
which speak only as of the date made and the Company undertakes no
obligation to disclose any revision to these forward-looking
statements to reflect events or circumstances after the date made
or to reflect the occurrence of unanticipated events.
For further information: please visit: http://www.8000inc.net,
Or contact: 8000inc, 10432 Balls Ford Road, Suite 300, Manassas, Virginia, 20109, USA, t. +1-703-881-7834, f. +1-703-881-7601,
e.enquiries@8000inc.net
