3 for 1 Stock Dividend!!!!
Yi Wan Group, Inc. Board of Directors Approves a 3 for 1 Stock Dividend and Name Change
DENVER, CO, Sep 27, 2007 (MARKET WIRE via COMTEX) -- US National Telecom (Yi Wan Group) (PINKSHEETS: YIWA) today announced that the Board of Directors has approved a 3 for 1 Stock Dividend and name change.
The company has approved and filed a name change with the Florida Secretary of State. Upon receiving the appropriate documents from the State the company will then file for a new CUSIP number and formal notification of the name change and stock dividend with the NASD.
The 3 for 1 stock dividend will apply to the company's common stock. The dividend will be paid to common shareholders in unrestricted free trading shares. The effective date and record date will be made public upon receiving the appropriate acceptance from the NASD and other relevant government agencies.
The company President Gregory Giagnocavo said, "The Corporation is taking this action to increase the liquidity of the stock and increase the visibility of, and interest in, our company within the investing public."
The current share structure of the company is 49,861,250 outstanding of which 46,254,600 are restricted shares leaving 3,606,650 in the public float.
About US National Telecom, Inc.
US National Telecom is the new operating name for Yi Wan Group, Inc. (YIWA) and the company will change its name in the near future. The Company plans to purchase and invest in wholesale VoIP telecom providers and Vitelity Communications is its first subsidiary. Vitelity is a market leader in telecom and VoIP wholesale services and provides telephone numbers, IP termination of telephone calls worldwide, calling card voice traffic and hosted VoIP services. Info at www.Vitelity.com and www.USNationalTelecom.com
AI
