Hercules Development Group, Inc. Appoints New Director and Announces a 10:1 Stock Dividend
BOULDER, Colo., Mar 14, 2001 (BUSINESS WIRE) -- Hercules Development Group, Inc. (OTC:HDVG) (the "Company") today announced the resignations of J. Peter Garthwaite and Bradley Scott as Directors of the Company and the appointment of Shai Stern, as the Director and Chief Executive of the Company.
The Company also announced that its Board of Directors has approved a 10:1 stock dividend (the "Dividend"). The record date for the Dividend has been established as March 14, 2001 and the payment date of the Dividend has been set for March 15, 2001. After the Dividend distribution the Company will have 31,300,000 shares of its common stock outstanding.
Hercules Development Group, Inc. is an initial stage real estate management company in Boulder, Colorado.
This release contains certain forward-looking statements regarding potential future events and developments affecting the business of the Company.
These forward-looking statements involve known and unknown risks, uncertainties or other factors not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the future results, performance, achievements or other expectations expressed or implied by these forward-looking statements.
CONTACT: Hercules Development Group, Inc.
Shai Stern, 917/450-8997
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INDUSTRY KEYWORD: BUILDING/CONSTRUCTION