CUPY NEWS 4-for-1 forward split
CDC Systems Inc. Announces 4-for-1 Stock Split
Business Wire - September 27, 2004 16:13
DALLAS, Sep 27, 2004 (BUSINESS WIRE) -- CDC Systems Inc. (Pink Sheets:CUPY) announced today its intention to do a 4-for-1 forward split of the Company's common stock. The effective date for the stock split is to be determined and will be announced when the Company selects a date that insures there is adequate time for the conversion.
CDC Systems Inc. develops new technology applicable to the oil/natural gas industry on a worldwide basis. The company not only combines its technology and expertise to convert marginal, non-profitable wells into profitable producers, but by adding the methods of application and customizing technology to the M1 & L1 series, they are able to be extremely competitive in the traditional market. This market commonly focused on by most compressor companies is currently 25,000 and growing by 3,000 every year. This innovative approach to business combining technology with development should be an exciting and profitable venture.
Matters discussed in this press release are "forward-looking statements." Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to certain risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated.
SOURCE: CDC Systems Inc.
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