As part of MODC’s 2007 divesture of Boveran, all shareholders of record will receive shares in Boveran, pro rata, to their ownership in MODC. Stockholders will retain all current ownership in MODC and will receive new shares in Boveran in proportion to their ownership in MODC. The ex-dividend date for the distribution and the amount of Boveran shares to be distributed to MODC stockholders will be announced as soon as practicable. MODC believes Boveran wishes to list their securities for public trading. Should they complete the public registration of their securities, MODC stockholders will own shares in a new public company.
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