FINRA worked faster than I anticipated...
Dynasty Limousine Inc. Announces FINRA Approval Regarding 3:1 Forward Split, Settlement Date will be March 30, 2012
7:59a ET March 23, 2012 (PR NewsWire) Dynasty Limousine Inc. (PINKSHEETS: DNYS), a full service Luxury Transportation and Limousine firm covering the southeast United States, announces that the company has received approval from FINRA to execute a 3 for 1 forward split on its common stock. Approval was received on Tuesday, March 20th, and FINRA made the announcement public the following day.
FINRA approved this corporate action with the following dates; Record date: March 19, 2012, Settlement date: March 30, 2012, Ex date: April 2, 2012. It is expected that DTCC will facilitate payment of the additional shares on April 2, 2012. DNYS Shareholders who have hard copy certificates will have new certificates issued by the company's transfer agent; Broadridge Corporate Issuer Solutions.
About Dynasty Limousine Inc.
Dynasty Limousine is a full service Limousine and Transportation firm with offices in Jacksonville and Orange Park, Florida. The Company was founded in 1998 and currently operates a fleet of 17 Limousines, Luxury Sedans, and Limousine Buses with service areas primarily in the Southeast United States. The Company is a member of the National Limousine Association, and has a nationwide affiliate network to handle all domestic service requests. Dynasty currently has 17 employees, and is actively seeking acquisitions and expansion into additional markets.
Dynasty maintains an A+ accredited BBB rating, and was named a National top three finalist for "Limousine Operator of the Year" by LCT Magazine for 2009, 2010, 2011 and 2012. Additional company information may be accessed via Dun and Bradstreet, OTCmarkets.com, or by visiting the Investor Relations area located on our corporate websites. At the time of this release, the total number of shares issued and outstanding is 4,836,425 with an estimated float of 737,175 shares.
Forward-Looking Statements
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts included in this release, are forward-looking statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products and services, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party vendors, and other risks detailed in the Company's prospectus and periodic reports filed with the Securities and Exchange Commission. Dynasty Limousine Inc. undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
CONTACT:PIERCE FLEMING11857 SAN JOSE BLVD.JACKSONVILLE, FL 32223904-268-7171
SOURCE Dynasty Limousine Inc.
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