Thwapr, Inc. Announces FINRA Approval of 3-for-1 Stock Split Thwapr, Inc. Announces FINRA Approval of 3-for-1 Stock Split Feb. 2, 2011 (Marketwire) --
NEW YORK, NY -- (Marketwire) -- 02/02/11 -- Thwapr, Inc. (OTCBB: THWI), a service for mobilizing and monetizing branded video content, today announced that the Company has received approval from Financial Industry Regulatory Authority ("FINRA") to proceed with its 3-for-1 Forward Stock Split. The record date for the split is February 4, 2011 and the Ex-Dividend Date is February 7, 2010. The stock split will be effected in the form of a stock dividend which will be paid in newly issued common stock delivered to shareholders without any further action on their part. Shares held as part of the DTC System will be automatically adjusted on the same basis. Each shareholder will receive two additional shares for each share that they currently own.
About Thwapr, Inc. Founded in 2007, Thwapr is a mobile video sharing service that allows brands to mobilize and monetize content, extending its distribution reach while delivering the highest possible quality and user experience regardless of device, network or carrier. Founded by digital video pioneers from Apple, Avid and MTV, Thwapr's patent-pending "Share to Phone" technology is revolutionizing mobile video, while also revitalizing traditional media by incorporating branded mobile video into print, broadcast, billboards and radio. A cloud-based solution that does not require a download or app, Thwapr is making mobile video sharing easy, fast and fun for the hundreds of millions of consumers with Web-enabled mobile devices. To see a video about Thwapr, text the stock symbol, THWI, to 757575 or visit http://corp.thwapr.com. Also, make sure to follow us at www.twitter.com/thwapr or become a fan at www.facebook.com/thwapr.
Notice Regarding Forward-Looking Statements This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new products and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in Thwapr's annual report on Form 10-K for the most recent fiscal year, Thwapr's quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
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Media Contact: Jocelyn Johnson 212-924-9500 jjohnson@gravitas-pr.com www.gravitas-pr.com
Investor Relations: Thwapr IR 866-991-8822 ir@thwapr.com
Source: Marketwire (February 2, 2011 - 8:30 AM EST)
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