Vision Works Media Group Inc. Announces Clarification of One for One Forward Split
ORLANDO, Fla., Aug 09, 2005 (BUSINESS WIRE) -- Vision Works Media Group Inc. (Pink Sheets:VSWM) announces that the Board of Directors of Vision Works Media Group Inc. had voted to forward split the outstanding shares of the Common Stock at a ratio of One Share (1) for every one share (1) of common stock held on August 31, 2005 by shareholders of record on that date. Mark Astrom, President, said: "Every stock holder on August 31, 2005 that owns one share will then own two shares." Mr. Astrom further said: "We have had numerous misunderstandings of the meaning of 'one for one forward split', and we hope our action is now perfectly clear."
Mark Astrom, President and CEO of VSWM, said: "We are working to enhance shareholder value while rewarding current shareholders for their loyalty. The stock split further demonstrates our confidence in the business and our optimism towards the future. We believe the stock split should improve the liquidity and marketability of our stock."
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
