Infinite Networks Corporation Issues Clarification of Upcoming Dividend Pay-out
March 06 2007 - 1:28PM
Business Wire
Infinite Networks Corporation (Pink Sheets: INNX) today issued a
clarification of its previously announced stock dividend, a pay-out
dividend related to the planned spin-off of the Company�s media and
communications division known as Eller Industries, Inc. According
to NASDAQ, all trades through the close of business (market close)
on Friday, March 23, 2007, carry the right to receive this
distribution. On Monday, March 26, 2007, the security begins to
trade without the right to receive. The planned dividend calls for
shareholders of Infinite Networks Corporation to receive seven (7)
shares of Eller Industries, Inc. (Pink Sheet: ELRI) for each (1)
share of INNX stock held. Infinite Networks shareholders will not
be required to take any other action to receive these shares. The
distribution of the dividend shares will begin March 26, 2007. Any
questions on the dividend can be directed to Equiti-trend Advisors
LLC, Infinite Networks� Investor Relations firm. Equiti-trend
Representatives are available between 9:30 a.m. and 5:30 p.m. EST.
This release contains forward-looking statements that are made
pursuant to the safe harbor provisions of the Securities Litigation
Reform Act of 1995. Some of the statements contained in this press
release include forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended (the
"Securities Act"), and Section 21E of the Securities Exchange Act
of 1934, as amended (the "Exchange Act"), that involve substantial
risks and uncertainties. Some of the forward-looking statements can
be identified by the use of words such as "anticipate," "believe,"
"estimate," "may," "intend," "expect," "will," "should," "seeks" or
other similar expressions. Forward-looking statements are based
largely on management's expectations and involve inherent risks and
uncertainties. These risks include, but are not limited to, the
demand for implementation of Infinite Networks Corporation services
and the ability of the company to successfully implement its
strategies, each of which may be impacted, among other things, by
economic and/or competitive conditions. You should not place undue
reliance on any forward-looking statement, which speaks only as of
the date made. Many of these factors are beyond our control. The
Company cautions that the foregoing factors are not exclusive.
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