Healthnostics Provides Alert, DTC Update, and Special Distribution Clarification
May 22 2012 - 9:59AM
Marketwired
Healthnostics, Inc. (PINKSHEETS: HNSS) today provided an alert that
a significant, beneficial, and imminent development regarding a
major corporate asset will be announced as final details are
completed.
Healthnostics, Inc. received notice that the Depository Trust
Company ("DTC") deposit chill on its common stock may be appealed
by the Company. Therefore, an appeal is being filed.
Regarding the Special Distribution of InternetArray's
(PINKSHEETS: INAR) common stock being distributed by May 31, 2012,
shareholders should be aware that selling record-date stock prior
to receiving the Distribution shares could result in the
Distribution shares being forwarded to the acquiring brokerage
account.
The Special Distribution was enacted to give Healthnostics
shareholders the opportunity to participate in future InternetArray
projects such as the recently-announced spinoffs of BidSellBuy,
Inc., and Premier Gold Traders, Inc. This special distribution of
InternetArray, Inc. common stock will entitle each Healthnostics
stockholder to also receive pro rata shares of the INAR spinoffs.
The spinoff companies are expected to be traded as fully reporting
Over-the-Counter Bulletin Board (OTCBB) stocks.
Both companies seek to identify and develop collaborative
internet-based business partners into viable and profitable
companies. While Healthnostics, Inc. focuses on the healthcare
technology market sector, InternetArray is broader based. Both
companies share the same management and, in certain cases, the same
major shareholders. Management believes this transaction will allow
greater collaboration between the companies and the sharing of
resources.
For more information about InternetArray, Inc., go to
(www.internetarray.com)
InternetArray, Inc. provides guidance and investment for
innovative, early stage Internet companies. The Company's mission
is to identify and develop collaborative business partners into
viable and profitable companies.
This press release may contain certain statements that are not
descriptions of historical information, but are forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Exchange Act of 1934. These
forward-looking statements refer to matters that involve risks and
uncertainties. Such statements reflect management's current views
and are based on certain assumptions. Actual results could differ
materially from the assumptions currently anticipated.
Contact: Healthnostics, Inc. Investor Relations Email
Contact
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