PEDN--extended forward split date to jan 3
December 22, 2000 07:30
PediaNet.com Announces Change in Stock Divided Record and Effective Date; To Allow Shareholders Additional Opportunity to Take Advantage of 300 Percent Dividend
BROOKLYN, N.Y.--(BUSINESS WIRE)--Dec. 22, 2000--PediaNet.com, Inc. (OTC BB: PEDN), a premier provider of pediatric healthcare information sciences, today announced that the company has changed the record and effective date of the 3-for-1 dividend of the company's stock as previously agreed upon by the Board of Directors on December 18,2000.
Mr. Steven Richter, President of PediaNet, stated, "In order to provide our shareholders the proper amount of time to take advantage of the 300 percent stock dividend, the Board of Directors changed the date of record to January 3, 2000. The effective date will be January 8, 2000."
Shareholders will be eligible for the company's 3-for-1 stock dividend if they have purchased shares by the end of the trading day on January 3, 2000. The dividend will be reflected in the share price at the beginning of the trading day on January 4, 2000. If a shareholder trades the securities after the end of the trading day on January 3, 2000, the share price is adjusted to reflect the 300 percent dividend.
PediaNet.com, Inc. is a pioneer in the development of Internet based communications and pediatric information for both families and professionals.
The information contained in this press release, including any " forward looking statements" within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934 contained herein, should be reviewed in conjunction with the Company's Annual Report on Form 10-ksb and other publicly available information regarding the Company, copies of which are available from the Company upon request. Such publicly available information set forth many risks and uncertainties related to Company's business and such statements, including risks and uncertainties related to that are unpredictable and outside the influence and/ or control of the company.
CONTACT: DeMonte Associates, New York
Cynthia DeMonte or Gail Johnson
212/473-3700
cdemonte@demonte.com
gjohnson@demonte.com
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