Syndication Inc. CEO Reminds Shareholders of Combo Stock Dividend; 1.25% SYNJ.PK & a Distribution of 54,800,000 Shares of BEEN.P
March 28 2011 - 11:05AM
Syndication Inc., (Pink Sheets:SYNJ), CEO reminds its' Shareholders
of the Combination Restricted Common Stock Dividend. The RECORD
DATE of the dividend is March 31st, 2011. The Company advises
shareholders to contact their brokerage house to determine their
individual X Dividend Date. Normally 3-4 days prior to the Record
Date, the X Dividend date can fluctuate between houses for a myriad
of reasons and shareholders must own Syndication Stock on the X
Dividend Date in order to avail themselves of the issuance. The
issuance will include a 1.25% Restricted Common Stock Dividend of
the Company's .0001 Par value Common and a 25% (equivalent to
54,800,000 shares) distribution of the Company's 10% holdings in
Better Environment Concepts Inc., (Pink Sheets:BEEN) trading on the
Pink Sheets OTCBB.
It was further resolved by the Board that the Company will
adhere to a strict dividend issuance schedule and authorized the
CEO to begin the process of releasing the same dividend for the 2nd
Quarter 2011 with a "Declaration Date" on or about April 2nd, 2011.
The Board also took further steps to enhance the Company's Dividend
program by creating an affordable service that would enable our
shareholders to have the restrictive legends on their dividend
shares lifted. It is anticipated that the charge for the service
will be approximately $50.00. The Board expects to launch the
service in coordination with our transfer agent as soon as the
amended restrictive legend to be stated on the dividend shares is
approved by each of our legal teams.
"The dividend policy of the Company is designed to increase
equity valuation, enhance the potential for equity investment,
discourage short trading activity and, most importantly foster a
longer term investor attitude. As the growth in valuation of the
Company becomes realized the dividends will become a strong
attraction to new shareholders. I also recognize that our dividend
policy is problematic to market makers holding short positions in
our stock and I feel sure that this dividend issuance will cause
real attention demands. However, I will not deny dividends to our
shareholders because, the ability of market makers trading our
stock for the purpose of their own self profit, becomes
complicated," said the CEO, of Syndication Inc.
As issues develop, the Company will release details on the Lake
City S.C. warehouse purchase and the status of the counter offer
and roof replacement, legal issues related to the $5 million dollar
loan escrow and the 2 Consulting Agreements with Better Environment
Concepts Inc., (the Capital Market and Acquisition Structure
Agreement and the SRE S.C. Inc., Plant Operations Oversight
Agreement).
This press release may contain forward-looking statements
covered within the meaning of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements relate to,
among other things, plans and timing for the introduction or
enhancement of our services and products, statements about future
market conditions, supply and demand conditions, and other
expectations, intentions and plans contained in this press release
that are not historical fact and involve risks and uncertainties.
Our expectations regarding future revenues depend upon our ability
to develop and supply products, which we may not produce today and
that meet defined specifications. When used in this press release,
the words "plan," "expect," "believe," and similar expressions
generally identify forward-looking statements. These statements
reflect our current expectations. They are subject to a number of
risks and uncertainties, including, but not limited to, changes in
technology and changes in pervasive markets.
Contact Information; Syndication Inc., Brian Sorrentino Phone #
888-422-5515 or go to Syndicationinc.net
For all mail correspondence; Box 503, Damascus, MD 20872
CONTACT: Syndication Inc.
888-422-5515
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