MSE Enviro-Tech Corp. Declares 3.5-for-1 Stock Split
November 18 2009 - 4:46PM
Marketwired
MSE ENVIRO-TECH CORP. (MEVT) (PINKSHEETS: MEVT) (FRANKFURT: MEH) is
pleased to announce that the Board of Directors has declared a
3.5-for-1 stock split, payable on January 25, 2010 to shareholders
of record on January 4, 2010 at 5:00 P.M. EST. For each common
share held on the record date, shareholders will receive an
additional 2.5 shares to total 3.5 shares post split. Fractional
shares will be rounded up to the nearest tenth.
This stock split will more than triple the number of common
shares outstanding, from 15,979,373 to 55,927,805. The Board took
this action to hopefully reduce the degree of illiquidity in daily
share trading of MEVT shares, particularly as the Company believes
it is embarking on a period of increased corporate activity and
revenue-producing developments, as well as to ultimately expand the
Company's shareholder base.
The Memorandum of Understanding between MSE Enviro-Tech Corp.
and Janus Products Corp. (announced by MEVT on October 26, 2009)
regarding the Titan21 Fire Blanket, outlined a framework whereby
the two companies could proceed immediately with their plans to
market this promising product nationwide in the months ahead. The
Titan21 Fire Blanket protects people, including fire fighters, from
fire, and can also be used to blanket, and extinguish, the fire
source. It is ideal for houses, offices, hospital, hotels, buses,
ships, nightclubs etc., and is considered to offer significant
potential in the growing Anti Fire industry.
MSE Enviro-Tech Corp.
MEVT owns the United States marketing rights to the Hartindo
line of anti-fire products that represent an extraordinary and
proven technology for fighting and preventing accidental fires. The
environmentally friendly Fire Extinguishing and Fire Inhibiting
properties of Hartindo products address a wide range of critical
needs in fire prevention, including the overall goal of lowering
the enormous losses, in both life and property, caused by
accidental fires across North America each year. MEVT is planning a
marketing campaign and the establishment of a nationwide network of
agents and distributors for the exciting Hartindo product line.
Common Shares Outstanding: 15,979,373
For more information and/or to subscribe for regular news
updates from MSE Enviro-Tech, please visit:
http://www.mseenviro-tech.com
Safe Harbor Statement
This release may contain forward-looking statements that involve
risks and uncertainties, including without limitation, acceptance
of the company's products, increased levels of competition, product
and technological changes, the company's dependence upon financing
and third-party suppliers, and other risks detailed from time to
time in the company's materials. Statements are subject to change
without notice. We assume no obligation to update any
forward-looking statements and nothing herein should be taken as a
promise or representation.
Investor Relations Contact: Mr. Brent O'Connor Email Contact +1
647 343-2549