Truli Media Group, Inc. Announces Proposed Forward Stock Dividend
February 21 2013 - 8:30AM
Marketwired
Truli Media Group, Inc. (OTCQB: TRLI), owner and operator of
faith-based & family media content platform and social
community hub Truli.Net, today announced that its Board of
Directors has approved a one share dividend for each five share of
common stock of the Company, resulting in a total of six shares for
each five shares of common stock issued and outstanding prior to
the dividend.
The record date for the stock dividend will be February 25, 2013
with the payment date and the ex-date to be announced upon
completion of the FINRA process but anticipated to be shortly
thereafter. Truli's transfer agent will begin mailing new stock
certificates to effectuate the dividend at such time. Any
fractional shares issuable pursuant to the dividend will be rounded
up to the next whole share.
Truli will have approximately 83,651,000 shares outstanding upon
completion of the share dividend. Michael Solomon commented, "Since
Truli media became public, the initial shareholders investing in
the company have been very supportive and deserve some additional
financial benefit for sharing our company's vision. A stock
dividend should give our shareholders the additional economic
benefit justified by their actions to date and show them our
appreciation for their financial commitment."
About Truli Truli.com offers a unique
distribution platform focused on Christian and family-friendly
content that is free for users to view, interact and engage with on
any mobile apparatus such as tablets, phones, smart TV, etc.
Truli.com is free for ministries, as thousands of sermons are
delivered weekly, as well as individuals, music videos, authors,
film/television producers and educators seeking to gain visibility
and provide their content in a targeted and relevant community
linked by a shared belief. Truli offers a single platform that is
flexible and easy to access to connect users, enabling the delivery
of relevant content to the Evangelical community market of 100+
million people in the U.S. (and 700+ million outside the U.S.)
representing $4.3 billion of annual gross industry sales in the
U.S. alone.
Safe Harbor Statement This news release
contains statements that involve expectations, plans or intentions
(such as those relating to future business or financial results,
new features or services, or management strategies) and other
factors discussed from time to time in the Company's Securities and
Exchange Commission filings. These statements are forward-looking
and are subject to risks and uncertainties, so actual results may
vary materially. You can identify these forward-looking statements
by words such as "may," "should," "expect," "anticipate,"
"believe," "estimate," "intend," "plan" and other similar
expressions. Our actual results could differ materially from those
anticipated in these forward-looking statements as a result of
certain factors not within the control of the company. The company
cautions readers not to place undue reliance on any such
forward-looking statements, which speak only as of the date made.
The company disclaims any obligation subsequently to revise any
forward-looking statements to reflect events or circumstances after
the date of such statements or to reflect the occurrence of
anticipated or unanticipated events.
Add to Digg Bookmark with del.icio.us Add to Newsvine
Contact: Investor Relations Chuck Arnold
386.409.0200 Truli Media Group Sue Whyberd Email Contact
1933 Industries (QB) (USOTC:TGIFF)
Historical Stock Chart
From Jun 2024 to Jul 2024
1933 Industries (QB) (USOTC:TGIFF)
Historical Stock Chart
From Jul 2023 to Jul 2024