Global Increases Special Share Distribution; 7 for 1 Share Distribution of the Feinstein Report
RESTON, VA, Jul. 14, 2004 (MARKET WIRE via COMTEX) --
Global Explorations Inc. (OTC: GXXL) increases the special share distribution. Previously, it has been announced that the company was declaring a 10 for 1 stock dividend, however it has been increased.
"For every 7 shares of GXXL, shareholders shall receive 1 share of the Feinstein Report Inc. (OTC: FNRP)," stated Atul Mehta, PR Manager, Global Explorations Inc.
"We are going to be very generous with our loyal shareholders. The dividend date has not yet been set, but will be announced within the next 7-10 days, and will be set for sometime in July. The exact details of the distribution are still being worked out," continued Atul Mehta.
Some points;
If your GXXL shares are held in street name, a certificate for FNRP restricted shares will be sent to your broker for distribution to you. If you are a shareholder of record the dividend date to be announced, a certificate will be sent directly to you by the Company.
FNRP intends to file a Form 10SB with the Securities and Exchange Commission, when an audit of the Company is completed. When, and if, effective, it will allow the shareholders of restricted shares to better utilize the selling provisions of Rule 144, and may, with the appropriate opinion of counsel, remove the restrictive legend on the shares prior to the one-year period being completed, under the spin-off rules of the SEC. Otherwise you will be able to send your restricted certificate to the Transfer Agent after one year, and with an opinion of counsel sell the shares in a "brokers' transaction," continued Atul Mehta.
CAUTIONARY STATEMENT: This news release may include forward-looking statements within the meaning of Section 21E of the United States Securities Exchange Act as amended, and/or the U.S. Private Securities Litigation Reform Act of 1995. All statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements that involve various risks and uncertainties. All forward-looking statements in this release are expressly qualified by this notice.
CONTACT:
Global Explorations Inc.
Mr. Atul Mehta
Public Relations
(703) 478-3222
investors@millenniumsms.org
SOURCE: Global Explorations Inc
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