ECOLOGIX Resource Group Announces Forward Stock Split
November 25 2009 - 8:51AM
Marketwired
ECOLOGIX Resource Group (OTCBB: EXRG), a natural resource company
focused on the timber industry and production of alternative energy
solutions, announced today its Board of Directors has approved a
one-for-ten forward stock split, in the form of a stock dividend,
payable to ECOLOGIX common and preferred shareholders.
The Company anticipates the stock split will be payable on or
about November 30, 2009 to shareholders of record as of November
27, 2009 and is subject to FINRA approval. When the forward stock
split becomes effective, shareholders of both common and preferred
shares will receive an additional nine shares for every one share
held. ECOLOGIX expects the Board's decision will improve liquidity
and trading volume in the Company's stock.
About ECOLOGIX Resource Group
ECOLOGIX Resource Group is a natural resource company focused on
the timber industry and production of alternative energy solutions
in accordance with the most stringent environmental standards
regulating these industries. Additional information on ECOLOGIX
Resource Group is available on its website, www.ecologixrg.com.
Safe Harbor
This press release contains forward-looking statements made
pursuant to the Safe Harbor provisions of the Private Securities
Litigation Reform Act of 1995. Readers are cautioned that a number
of factors could cause our actual results to differ materially from
any results indicated in this release or in any other
forward-looking statements made by us, or on our behalf. These
include among others factors related to general economic
conditions, interest rates, demand for materials handling products
and construction equipment, performance of our manufacturing
facilities and the cyclical nature of the materials handling and
construction equipment industries. Further, historical information
should not be considered an indicator of future performance.
Additional considerations and important risk factors are described
in our reports on Form 10-K and 10-Q and other filings with the
Securities and Exchange Commission.
ECOLOGIX Resource Group Toll free: 1 888-LOGIXRG (564-4974)
Email: ir@ecologixrg.com
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