Tuesday , June 27, 2006 09:40 ET
VANCOUVER, BC -- (MARKET WIRE) -- 06/27/06 -- iPackets International, Inc. ("iPackets") (PINKSHEETS: IPKL), a global developer and provider of a wide range of wireless and communications solutions for selected enterprises including the mining industry, announced today that it has forward split shares of its common stock 10 shares for one. The expected effective date of this forward split is July 3, 2006.
"We believe that this forward split will allow an active market for our common shares to develop and increase shareholder value for our existing stockholders," said Naiel Kanno, president and CEO of iPackets.
About iPMine
iPMine is a real-time two-way wireless communications solution designed to significantly improve the safety of miners and equipment in virtually any size mine. iPMine tracks, monitors, and communicates with miners and equipment underground and above ground. Location information of both miners and equipment is collected and displayed live on one or more monitoring stations against a background of a mine's terrain map. iPMine's scalability and flexibility features make it ideal to be deployed in any size mine supporting multiple levels and/or sites. iPMine's redundant communications feature makes the system highly reliable to efficiently operate in the harsh mining environment.
About iPackets International, Inc.
iPackets International is a global developer and provider of a wide range of wireless and communications solutions for selected enterprises, including mine-safety. iPackets' solutions utilize a breakthrough wireless technology to manage data packets reliably and efficiently over any wireless network and virtually on any wireless device. For more information, please visit www.ipackets.com.
Certain statements included in this press release may constitute forward-looking statements 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 and services 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.
--------------------------------------------------------------------------------Contact:
Allegiant Financial Group
1 (866) 824-8227
Source: iPackets International, Inc.--------------------------------------------------------------------------------
Public Companies Associated with this story:
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Stock Split
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