McCutcheon Marshall Jr., Declares a 2% Common Stock Dividend of Syndication Inc.; Declaration Date August 20th, 2009
August 24 2009 - 9:10AM
PR Newswire (US)
DAMASCUS, Md., Aug. 24 /PRNewswire-FirstCall/ -- Syndication Inc.,
(Pink Sheets: SYNJ), reports that on August 20th, 2009, Marshall
Jr. asked and received the Board's approval of a 2% Restricted
Common Stock Dividend for all shareholders of record as of 60 days
from the Date of August 20th, 2009, (Official Record Date is
October 19th, 2009). On this date, (October 19th, 2009), the
shareholders of record will receive a restricted stock dividend
equivalent to 2% of their recorded shareholdings. The shares will
be restricted for a period of one year and will be eligible for
free trading on that anniversary date. When McCutcheon Marshall Jr.
was asked to comment, he stated, "I am excited that the Board has
ratified this action and grateful that the Company can do this for
its strongest supporters. It is the intent of the Company to reward
our shareholders for their continued interest and support, as well
as establishing policy designed to encourage a long term investment
posture," said Marshall Jr., the President of SRE S.C. and Pinnacle
Energies. When Mr. Sorrentino was asked to comment on the latest
developments of the Company and his position, he stated, "Mac is
running the show now. He is one of the best in the industry, and as
the largest financier and shareholder of the Company, I couldn't be
more pleased. As it relates to this project, I'll put my money in
his hands any day," said Sorrentino, a shareholder. This press
release may contain forward-looking statements covered within the
meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements relate to, among other things,
plans and timing for the introduction or enhancement of our
services and products, statements about future market conditions,
supply and demand conditions, and other expectations, intentions
and plans contained in this press release that are not historical
fact and involve risks and uncertainties. Our expectations
regarding future revenues depend upon our ability to develop and
supply products, which we may not produce today and that meet
defined specifications. When used in this press release, the words
"plan," "expect," "believe," and similar expressions generally
identify forward-looking statements. These statements reflect our
current expectations. They are subject to a number of risks and
uncertainties, including, but not limited to, changes in technology
and changes in pervasive markets. DATASOURCE: Syndication Inc.
CONTACT: Brian Sorrentino of Syndication Inc, 1-888-422-5515
Copyright