Buying TDMX. It looks like it has bottomed. What is a 10% dividend? Very confusing PR.
Monday April 9, 11:42 am Eastern Time
Press Release
SOURCE: Tradamax Group
Tradamax Group Announces Stock Dividend; Completes Platform Developments Ahead of Schedule and Under Budget
NEWPORT BEACH, Calif., April 9 /PRNewswire/ -- Tradamax Group (OTC Bulletin Board: TDMX - news), today announced it has declared a ten percent (10%) stock dividend to all common stockholders of record of Tradamax Group, as of April 30, 2001. Fractional shares will not be issued, but will be rounded up to the next whole share.
Michael J. Skellern, the Company's CEO, stated, ``We have been able to meet our primary corporate goals for the first quarter in completing the buildout of a substantial data center and we have met our development objectives ahead of schedule with minimal cash outlay.'' The Company recently completed a series of technology acquisitions including operational equipment, data center hardware and software acquired from FocusCore, Inc. and the Company's Asian partners for $4.7 million in restricted common and preferred shares. The acquisition will strengthen Tradamax's seamless, end-to-end (e2e) food supply chain trading platform.
This extensive platform will utilize streamlined systems architecture including the new Unysis ES7000, along with a Compaq Proliant server farm and multiple layers of security using Cisco Firewalls and Intel VPN to power and protect Tradamax's proprietary trading platform.
Ed Roberts, the Company's CTO added, ``Tradamax is poised to introduce trading platforms and market places servicing the food supply chain sector and can now offer robust scalable systems to these industries.''
The foregoing statements regarding the anticipated performance, new product introduction, future products, capabilities, features, applications, product availability, price, market acceptance, and the impact of the new products on the company and the market are forward-looking statements subject to change and actual results could differ materially from those described in any forward-looking statement. Factors that could affect actual results include the ability to successfully manufacture and distribute new products at sufficient volume, quality and reasonable cost; the timing of new product introductions; the success or introduction of competing products and technologies; and the significant uncertainty of market acceptance of new products. Important factors that may cause actual results to differ are set forth in the company's periodic filings with the U.S. Securities and Exchange Commission.
SOURCE: Tradamax Group
