I had some problems cutting and pasting this PR but here it is:
ActionView International, Inc. Board of Directors Approves Forward Stock Split
MURRIETA, Calif., March 15, 2010 (GLOBE NEWSWIRE) -- ActionView International, Inc. (Pink Sheets:AVEW) today announced that its Board of Directors has finalized plans for a 3:1 forward split of the company's common stock. As a result, shareholders of record as of a date to be set will receive two additional shares for each share held, as of the close of business on the effective date, which will be set by the Board in the coming weeks. As of today, the total number of shares outstanding for ActionView International is 54,000,000, and after the 3:1 forward split the total number of shares outstanding will be 162,000,000.
"With all of the increased activity and excitement that has been generated by the upcoming WCFC event through our wholly owned subsidiary MatchFights LLC, the Board decided to both reward current shareholders for their loyalty and to broaden our shareholder base allowing more people to participate in the future success of the company," said Gary Nerison, Chairman of the Board of Directors. "Given the huge growth potential of ActionView as a provider of exciting action events over the Internet and MatchFights' position in a compelling and still expanding segment of the sports entertainment market, we believe that there will be a steadily growing level of interest in the company's future.
"The Board was recently briefed on early ticket sales and the incredible word of mouth that our WCFC event has generated in the greater Salt Lake City market. As the marketing push heats up in the coming weeks, we expect to put on a very well-attended event and to generate significant interest in our Internet-delivered pay-per-view broadcast. While building a large number of pay-per-view buys for each broadcast is a process that will take some time, we do expect that this revenue model will appeal to a large portion of the company's public market audience."
ActionView International's wholly owned MatchFights subsidiary delivers the most exciting brand of full contact fighting under its World Championship Full Contact banner. MatchFights' events are broadcast live in high definition to a worldwide audience over the Internet, and revenue is derived from pay-per-view buys and onsite event revenues. The inaugural WCFC live event is scheduled for April 3, 2010 at The Rail Event Center in Salt Lake City, Utah. The fight card consists of two main event bouts and six main cards fights with fighters that range from flyweight to light heavyweight classifications.
The WCFC event is sponsored by Rockwell Time, EVO Energy Corporation and Against The Fence apparel.
Fight fans, fighters, promoters, trainers and ring girls are encouraged to visit the WCFC website at www.wcfc.com to set up a personal profile and join the first and only comprehensive content driven MMA web community dedicated to fighting. The site harnesses the power of social networks, allowing users to connect and share information about their favorite fighters, fights and events. A comprehensive marketing program is being implemented which is expected to result in the www.wcfc.com becoming the dominant fighting website in the world and draw consumers for WCFC events broadcast over the Internet.
Shareholders and anyone interested in monitoring the progress of the company are encouraged to subscribe to the electronic mailing list at www.actionviewint.com.
About ActionView International, Inc.
ActionView International (www.actionviewint.com), its wholly owned MatchFights, LLC subsidiary and the World Championship Full Contact brand deliver live, high-definition, pay-per-view events, including no-holds-barred, full contact fights, in an interactive venue over the Internet to a global audience. Revenue is derived from pay-per-view buys. The live events have broad appeal and include elements of fighting, music, ring girl contests, and other live entertainment as part of the broadcast. For additional information about MatchFights and its World Championship Full Contact brand, please visit www.wcfc.com and join the world's premier fight-based network.
CONTACT: ActionView International, Inc.
Investor Relations
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