Larry, regarding CTLE, di you see this PR from yesterday? I hate it when they mix in all these darn dates as though you can't get the split now. LOL
Monday April 9, 9:13 am Eastern Time
Press Release
Cirus Telecom Inc. Files Certificate of Amendment, Completing Four for One Forward Split of Its Common Stock
NEW YORK--(BUSINESS WIRE)--April 9, 2001--Cirus Telecom Inc. (OTC BB: CTLE - news) would like to announce that it has filed the required Certificate of Amendment to the Certificate of Incorporation for Cirus Telecom, Inc. with the State of Delaware.
As of the close of business on April 6, 2001, the outstanding shares of the common stock shall be forward split on a four-for-one basis. Shareholders of record on Friday 6th, April 2001 will be issued an additional three shares for every one share that they own. The distribution date for the additional securities will be Wednesday April 11th, 2001. This will increase the common stock issued and outstanding from 15,175,456 to 60,701,824 shares.
The common shares of Cirus will trade ex-dividend from Monday 9th through Wednesday 11th April 2001 - meaning the price will not change until the open of business on Thursday, but each share is treated as four shares during that three day period.
Cirus Telecom, Inc. is a New York based company providing telecom switching services to small and medium sized wholesalers and distributors of telephone cards throughout the United States. Cirus derives revenues by providing phone card activations and reselling long distance service, as well as providing complete turnkey telecom solutions. The Company offers its customers the ability to provide domestic and international voice, data and fax services at substantially lower prices than those of commonly utilized telecom service bureaus. The switching network architecture used by Cirus is highly scaleable, cost effective, requires no additional facilities based real-estate investment on behalf of a client, and is rapidly deployable. Cirus will focus on providing lucrative direct connections to key locations in South America and Asia.
Forward-looking statements and comments in this press release are made pursuant to safe harbor provisions of the Securities Exchange Act of 1934. Such statements relating to, among other things, the prospects for the company to complete the transaction and enhance operating results, are necessarily subject to risks and uncertainties, some of which are significant in scope and nature. These risks may be further discussed in periodic reports and registration statements to be filed by the Company from time to time with the Securities and Exchange Commission in the future.
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Contact:
Cirus Telecom, Inc., New York
Investor Relations
Amar Bahadoorsingh, 212/591-0685
Website: www.cirustelecom.com
Email: ir@cirustelecom.com
