ComCam Stock Ex-Dividend Date Established
December 20 2007 - 1:16PM
PR Newswire (US)
WEST CHESTER, Pa., Dec. 20 /PRNewswire-FirstCall/ -- ComCam, Inc.
(OTC Pink Sheets: CMCA) today announced that its board of directors
has approved a dividend of the outstanding shares of its wholly
owned subsidiary ComCam International Inc. ("Subsidiary") to the
shareholders of ComCam, Inc. ("Parent") in order to consolidate its
intellectual property, patents, trademarks, copyrights, and
licensing operations into the Subsidiary that will enable it to
grow independently of its Parent. Record Date -- the close of
business on December 7, 2007, being the date for determining the
holders of the Parent's common stock that will receive common
shares of the Subsidiary as a dividend, as well as the date for
determining the holders of the Parent's common stock that will
receive an information statement regarding the dividend. Dividend
Date -- the close of business on December 28, 2007, being the date
for determining the holders of the Parent's common stock that are
entitled to the common shares of the Subsidiary in as a dividend,
as well as being the date when the Parent and the Subsidiary are
effectively separated. Ex-Dividend Date -- the close of business on
December 31, 2007, as determined by NASDAQ, being the date when the
Subsidiary's common shares are distributed to the Parent's
shareholders as of the Record Date. Distribution Ratio.
Shareholders of the Parent will receive as a dividend that number
of common shares of the Subsidiary which is equal to one (1) common
share of the Subsidiary for each twenty (20) common shares of the
Parent held by them as of the close of business on the Record Date.
No fractional shares or payment therefore shall be made incident to
the dividend; rather any fractional shares of the Subsidiary to be
received by the Parent's shareholders shall be rounded up to the
next whole share. ComCam International is a leader in network video
command-and-control products providing solutions and technical
services to U.S. government agencies, Fortune 500 companies,
research facilities and original equipment manufacturers. The
company recently won a contract for design and deployment of asset
tracking, access control and digital CCTV for Immigration Customs
and Enforcement (ICE), the largest investigative branch of the
Department of Homeland Security (DHS). http://www.comcam.net/ . A
number of statements contained in this press release are
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended. A safe-harbor provision may not
be applicable to the forward-looking statements made in this press
release because of certain exclusions under Section 27A (b). These
forward-looking statements involve a number of risks and
uncertainties, including timely development, market acceptance of
products and technologies, competitive market conditions,
successful integration of acquisitions and the ability to secure
additional sources of financing. The actual results that ComCam may
achieve could differ materially from any forward-looking statements
due to such risks and uncertainties. ComCam encourages the public
to read the information provided here in conjunction with its most
recent filings on Form 10-KSB and Form 10-QSB. ComCam's public
filings may be viewed at http://www.sec.gov/. Contact: David Rosen
V.P., Corporate Development ComCam International, Inc. Tel.
610.436.8089 DATASOURCE: ComCam, Inc. CONTACT: David Rosen, V.P.,
Corporate Development of ComCam International, Inc.,
+1-610-436-8089, Web site: http://www.comcam.net/
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