clickNsettle.com, Inc. Announces 6-for-1 Forward Stock Split
December 16 2003 - 8:30AM
PR Newswire (US)
clickNsettle.com, Inc. Announces 6-for-1 Forward Stock Split GREAT
NECK, N.Y., Dec. 16 /PRNewswire-FirstCall/ -- clickNsettle.com,
Inc. (BULLETIN BOARD: CLIK) , a global provider of innovative
dispute resolution solutions, today announced that its shareholders
approved a 6-for-1 forward split of the Company's common shares at
its annual meeting of shareholders held on Friday, December 12,
2003. Thereafter, the Board of Directors authorized this action.
Each shareholder will receive 5 additional shares for every 1 share
presently owned. No action is required on the part of the
shareholders to obtain these shares. Currently, there are 1,408,176
common shares outstanding; following the split, there will be
8,449,056 shares outstanding. The record date for the split will be
December 22, 2003. The Company's transfer agent expects to mail the
additional shares on or about January 5, 2004. Per NASD rules, the
shares will reflect the forward split the day after the mailing,
which will be on or about January 6, 2004. "We believe the stock
split is beneficial for current and future shareholders as we have
confidence in the long-term potential of our Company. We are glad
to see that our shareholders are in agreement," said Roy Israel,
Chairman and CEO of clickNsettle.com, Inc. About clickNsettle.com
Headquartered in Great Neck, New York, clickNsettle.com, Inc.
provides innovative and highly effective dispute resolution
services and solutions to entities that seek alternatives to the
traditional and often time-consuming and expensive legal process.
clickNsettle.com, the parent company of NAM (National Arbitration
and Mediation), offers a comprehensive selection of some of the
finest lawyers globally, with more than 1,700 top-tier former
judges and attorneys worldwide. Additionally, the company has a
number of inventions designed to enhance transparency and ensure
the integrity of ADR (alternative dispute resolution) initiatives.
Although the dispute resolution industry is still relatively young,
clickNsettle.com has been recognized nationally as a leader in the
field and the NAM brand name is well established within the legal
and business communities. The statements contained in the release
contain forward-looking statements relating to such matters as
anticipated financial performance, business prospects and similar
matters. The Private Securities Litigation Reform Act of 1995
provides a safe harbor for forward-looking statements. In order to
comply with the terms of the safe harbor, the Company notes that a
variety of factors could cause the Company's actual results to
differ materially from the anticipated results or other
expenditures expressed in the Company's forward- looking
statements. These factors include changes in the insurance and
legal industries; the Company's inability to retain current or new
hearing officers; changes in the public court system; and the
degree and timing of the market's acceptance of its arbitration and
mediation programs and electronic oversight applications.
DATASOURCE: clickNsettle.com, Inc. CONTACT: Roy Israel of
clickNsettle.com, Inc., +1-516-829-4343 Web site:
http://www.clicknsettle.com/
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