USNT January 3-for-1 Stock Split Date Approved by Board of Directors
DENVER, CO, Dec 13, 2007 (MARKET WIRE via COMTEX) -- US National Telecom (PINKSHEETS: USNT), a fast-growing provider of Internet telephone services, announces that the Board of Directors has formerly approved the effective date of a 3-for-1 stock split. The stock split will have an effective date of January 18, 2008, applicable to shareholdings as of that date.
The 3-for-1 stock split is considered by many investors to be a positive move by the Company because it is believed that this will increase shareholder value, and broaden the increasing shareholder base. The Company intends to grow in part by acquiring other companies in related technology fields in 2008. Although negotiations are still pending, it is expected that the Company will announce another acquisition before December 31, 2007.
