8000inc (EIGH.pk) Cash Dividend Update
MANASSAS, VA, Sept. 27 /PRNewswire-FirstCall/ - Due to the over-whelming requests, the board of 8000inc would like to update all 8000inc shareholders.
- The company is issuing minimum cash dividend payments of $0.10,
October 2010, to all fully paid-up shareholders of record on 30th
September 2010.
- This is a true dividend, not a forward split nor stock or equity
dilution.
- The actual dividend payments will not be known until October 4th 2010
as this is affected by multiple factors unknown until October 4th,
2010.
- The company had to file details with FINRA to ensure that the
dividend payments were made as announced. The company can at any time
alter the dividend typically incurring a late filing penalty.
- Each shareholder will require a W-8 or W-9 tax form for verification
and share audit, ensuring fully paid-up shareholders receive their
appropriate dividend. This is usually taken care of by the
brokerages. In the first instance, shareholders should speak to their
broker.
Thomas Kelly said "The company's focus and responsibility is for our shareholders and the dividend value at this point should not be the reason anyone invests in 8000inc. The company is progressing at a rapid rate and we intend to make cash dividend payments a regular occurrence. We filed a minimum arbitrary figure to ensure our shareholders received their dividend payment as announced whilst we waited for the company results. I personally apologise if this caused any confusion but I would rather under promise, pay a late filing fee and over deliver, than devalue our shareholders by paying the smallest dividend because our timing was off. I believe, 8000inc is a long term investment and we are just beginning the journey. We want loyal shareholders to stay with us and share the rewards we are now realising, not to just benefit from a single dividend payment."
This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. The words "estimate," "project," "intends," "expects," "believes," and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbour" provisions of the Private Securities Litigation Reform Act of 1995. For a more complete description of these and other risk factors that may affect the future performance of 8000inc see "Risk Factors" in the Company's Annual Report on Form 10-KSB and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made and the Company undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.
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