CDC Systems Inc. Announces 4-for-1 Stock Split
Energy Editors/Business Editors
DALLAS--(BUSINESS WIRE)--Sept. 27, 2004--CDC Systems Inc. (Pink
Sheets:CUPY) announced today its intention to do a 4-for-1 forward
split of the Company's common stock. The effective date for the stock
split is to be determined and will be announced when the Company
selects a date that insures there is adequate time for the conversion.
CDC Systems Inc. develops new technology applicable to the
oil/natural gas industry on a worldwide basis. The company not only
combines its technology and expertise to convert marginal,
non-profitable wells into profitable producers, but by adding the
methods of application and customizing technology to the M1 & L1
series, they are able to be extremely competitive in the traditional
market. This market commonly focused on by most compressor companies
is currently 25,000 and growing by 3,000 every year. This innovative
approach to business combining technology with development should be
an exciting and profitable venture.
Matters discussed in this press release are "forward-looking
statements." Statements describing objectives or goals or the
Company's future plans are also forward-looking statements and are
subject to certain risks and uncertainties, including the financial
performance of the Company and market valuations of its stock, which
could cause actual results to differ materially from those
anticipated.
--30--LD/ho*
CONTACT: StockComm, Houston
Corporate Communications Department
Patrick Arnett, 281-999-7721
KEYWORD: TEXAS
INDUSTRY KEYWORD: MINING/METALS UTILITIES OIL/GAS ENERGY
SOURCE: CDC Systems Inc.
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Sep-27-2004 20:13 GMT
Symbols:
US;CUPY
Source BW Business Wire
Categories:
MST/I/ELC MST/I/MNG MST/I/OIL MST/I/OIS MST/L/EN MST/R/US/TX T
