Press Release Source: clickNsettle.com, Inc.
clickNsettle.com Announces Plan for a 6-for-1 Stock Split
Thursday September 25, 8:31 am ET
GREAT NECK, N.Y., Sept. 25 /PRNewswire-FirstCall/ -- clickNsettle.com, Inc. (OTC Bulletin Board: CLIK - News), a global provider of innovative dispute resolution solutions, today announced that its Board of Directors approved a plan for a six-for-one stock split for their shareholders.
"We believe the proposed stock split reflects the confidence we have in the long-term potential of our company and also enables more investors to be a part of our future success," said Roy Israel, Chairman and CEO of clickNsettle.com, Inc.
Currently, there are 1,408,176 common shares outstanding; following the split, there will be 8,449,056 shares outstanding. In order to proceed with the stock split, the plan must be approved by the shareholders of clickNsettle.com, Inc. The plan is to be submitted for shareholders' approval at the annual meeting of shareholders to be held on December 12, 2003.
About clickNsettle.com
Headquartered in Great Neck, New York, clickNsettle.com, Inc. provides innovative and highly effective dispute resolution services and solutions to entities that seek alternatives to the traditional and often time-consuming and expensive legal process. clickNsettle.com, the parent company of NAM (National Arbitration and Mediation), offers a comprehensive selection of some of the finest lawyers globally, with more than 1,700 top-tier former judges and attorneys worldwide. Additionally, the company has a number of inventions designed to enhance transparency and ensure the integrity of ADR (alternative dispute resolution) initiatives. Although the dispute resolution industry is still relatively young, clickNsettle.com has been recognized nationally as a leader in the field and the NAM brand name is well established within the legal and business community.
The statements contained in the release contain forward-looking statements relating to such matters as anticipated financial performance, business prospects, and similar matters. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. In order to comply with the terms of the safe harbor, the Company notes that a variety of factors could cause the Company's actual results to differ materially from the anticipated results or other expenditures expressed in the Company's forward-looking statements. These factors include changes in the insurance and legal industries; the Company's inability to retain current or new hearing officers; changes in the public court system; and the degree and timing of the market's acceptance of its arbitration and mediation programs and electronic oversight.
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