GLUV Corp (fka GVRP)

[Stock]

The iBox on this board should be preserved forever lol

Moderator: eztradin Assistants: NoneBoardmarks: 60
Created: 8/11/2004 10:28:11 PM

GLUV Corp. Announces Entry Into the Entertainment Industry
Tuesday May 17, 10:25 am ET


WEST PALM BEACH, Fla.--(BUSINESS WIRE)--May 17, 2005--GLUV Corp. (Pink Sheets:GVRP - News), announced today it has finalized a Merger Agreement with DigiKidz Holdings, Inc., a Florida corporation. GLUV Corp. has also filed with the State of Florida to change its name to Media Magic, Inc. after effecting the Merger.

The transaction requires all current officers and directors of GLUV to resign, and provides for the appointment of the Media Magic management team to their appropriate positions in the new company.

After effecting the merger, Gerald C. Parker and Robert W. Pearce will serve on the Board of Directors of the new entity, Gerald C. Parker as Chairman of the Board, and Robert W. Pearce as Chief Executive Officer, Secretary and Treasurer of Media Magic.

Media Magic owns and operates two wholly owned subsidiaries, DigiKidz, Inc. and Orangebox Entertainment, Inc. DigiKidz is a leading producer, developer, distributor and eCommerce retailer of a range of personalized videos, books, CDs and music for the children's marketplace. Orangebox, located in Hollywood, California, is an innovative company that provides the next generation of multimedia services ranging from Production to Post Production for the entertainment industry. Its services include audio, visual, editorial, and music from inception to completion.

Media Magic, Inc.'s Chairman, Gerald C. Parker, commented: "We are excited about our current prospects and look forward to developing Media Magic Inc. into an innovative, well-rounded leader in the entertainment industry through several acquisitions."

Media Magic Inc., formerly known as DigiKidz Holdings, Inc., was founded in November 2004 and is headquartered in West Palm Beach, Florida. The Company conducts operations through its two wholly owned subsidiaries, DigiKidz, Inc., Jupiter, Florida, and Orangebox Entertainment, Inc., Hollywood, California. Media Magic acquired DigiKidz in November 2004 and Orangebox Entertainment (formerly Archetype Entertainment) in May 2005. Media Magic's strategy is to further develop its subsidiaries' leadership in their specific entertainment industry market segments and to develop the natural synergies between them.

For further information on Media Magic, please call: Dennis Ruggeri at [phone].

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Little bit of info for folks happening upon this board wondering WTF is going on...

http://www.otcbb.com/asp/dividend.asp?sym_id=GVRP&dDate=05/13/2005&sDateType=Record_date

GVRP - GLUV Corporation New Common Stock
Declaration Date:

Ex Date:05/23/2005
Record Date:05/13/2005
Payment Date:05/20/2005
Dividend Type:

Stock Dividend or Split Dividend Amount:

3,000,000-1 stk

Notes:

Due Bill Redeemable Date: 05/25/2005


A few Terms:

ex-date
Definition 1

For stock splits, the date that the share price changes to reflect the split.

Definition 2

For dividends, the first day of the ex-dividend period. The ex-date was created to allow all pending transactions to be completed before the record date. If an investor does not own the stock before the ex-date, he or she will be ineligible for the dividend payout. Further, for all pending transactions that have not been completed by the ex-date, the exchanges automatically reduce the price of the stock by the amount of the dividend. This is done because a dividend payout automatically reduces the value of the company (it comes from the company's cash reserves), and the investor would have to absorb that reduction in value (because neither the buyer nor the seller are eligible for the dividend). also called ex-dividend date.
http://www.investorwords.com/1817/ex_date.html

record date
Date, set by the issuing in order to be eligible to receive a declared dividend or capital gains distribution. The date is also used by the NASD to set the ex-dividend date. also called date of record.
http://www.investorwords.com/4095/record_date.html

payment date
The date on which a dividend, mutual fund distribution, or bond interest payment is made or scheduled to be made. also called distribution date.
http://www.investorwords.com/3635/payment_date.html