Senticore Announces Dividend and Application to Change Its Name to Integrative Health Technologies, Inc.
June 28 2006 - 8:00AM
PR Newswire (US)
SAN ANTONIO, June 28 /PRNewswire-FirstCall/ -- Senticore, Inc.
(OTC:SNIO) (BULLETIN BOARD: SNIO) has declared its first dividend
in the history of the company. The cash dividend will be
distributed to all shareholders of record on close of business on
June 30, 2006. The amount and timing of the dividend will be based
on funds derived from sale of its 882,353 shares in AdZone
Research, Inc., which the company received December 29, 2004 from a
joint venture transaction with AdZone. The acquisition and intent
to dividend the shares was announced in the company's Security and
Exchange Commission's filings of Forms 10-KSB for 2004 and 2005 and
was contingent upon AdZone's registration of the shares or the
application of Rule 144. Dividend "While questions may be raised as
to the wisdom of distributing this asset as a dividend in light of
the company's current liabilities and the absence of any net
profits since the company was formed in 1999," said Gilbert R.
Kaats, Senticore's CEO, "there were a number of considerations that
led to this decision. These include: (1) we wanted to honor the
commitment the previous management made to the shareholders, (2)
the business of AdZone does not fit Senticore's strategic focus on
healthcare and nutrition, (3) a review of Senticore's financials
for the second quarter of 2006 has revealed that the company has
sufficient liquid assets to offset all of its current liabilities,
and (4) Senticore's increased assets suggest that for the first
time in the history of the company, it will report a net profit for
the second quarter of 2006." Name Change Application for a name
change from Senticore to Integrative Health Technologies is
consistent with Senticore's increased emphasis on the acquisition
of healthcare and nutritional portfolio companies. Although
incomplete at this time, additional information on the company's
healthcare emphasis can be found on it website,
http://www.ihtglobal.com/ . Forward-Looking Statement: Statements
that are not historical facts are forward-looking statements. The
Company, through its management, makes forward-looking public
statements concerning its expected future operations, performance
and other developments. Such forward-looking statements are
necessarily estimates reflecting the Company's best judgment based
upon current information and involve a number of risks and
uncertainties, and there can be no assurance that other factors
will not affect the accuracy of such forward-looking statements. It
is impossible to identify all such factors, factors that could
cause actual results to differ materially from those estimated by
the Company. They include, but are not limited to, government
regulation, managing and maintaining growth, and the effect of
adverse publicity, litigation, competition and other factors that
may be identified from time to time in the Company's public
announcements. Contact Person: Gilbert R. Kaats or Samuel C. Keith
Senticore, Inc. (210) 824.4416 DATASOURCE: Senticore, Inc. CONTACT:
Gilbert R. Kaats or Samuel C. Keith of Senticore, Inc.,
+1-210-824-4416 Web site: http://www.ihtglobal.com/
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