Sep 20, 2005
Pink Sheets News Service
PRESS RELEASE
International Builders Limited Announces 2 for 1 Forward Stock Split
Trading Symbol: IBLD (Other OTC)
Company Reports Share Split
San Diego, Ca - August 15, 2005 - International Builders Limited (Other OTC: IBLD) Jerome Crawford, Chairman and CEO of International Builders Limited announced that its Board of Directors has approved a 2 for 1 forward stock split of the Company's common stock. The record date for the split is August 30, 2005, with an anticipated distribution date of September 26, 2005. The Company's common stock is expected to be quoted, on a post-split basis, beginning on September 27, 2005.
The stock split will be effected in the form of a stock dividend and will entitle each stockholder of record at the close of business on August 30, 2005, to receive one (1) additional share of common stock, no par value $0.01 per share, for every one share of common stock, no par value $0.01 per share, held on the record date. The 2 for 1 stock split will not change the shareholders' existing proportionate ownership.
Cautionary Statement: This news release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although International Builders Limited believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included herein, the inclusion should not be regarded as a representation by International Builders Limited or any other person that the objection and plans of International Builders Limited will be achieved.
CONTACT:
International Builders Limited
858-541-2581
The above news release has been provided by the above company via Pink Sheets News Service. Issuers of news releases and not Pink Sheets are solely responsible for the accuracy of the such news releases.
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