The Marketing Alliance Announces 6:5 Stock Split
July 16 2013 - 11:45AM
Business Wire
The Marketing Alliance, Inc. (OTC: MAAL) (“TMA”), today
announced that its Board of Directors has declared a 6:5 stock
split (20%). The new shares will be distributed on August 9, 2013
to shareholders of record as of the close of business on July 26,
2013.
As a result of the stock split, each TMA shareholder will
receive 1 additional share of TMA’s common stock for every 5 shares
of common stock they hold as of the record date. When applicable,
fractional shares will be issued. As a result of the 20% stock
split, the outstanding shares of the Company's common stock will
increase by approximately 502,017 shares, from 2,510,083 shares
outstanding to approximately 3,012,100 shares outstanding. This
marks the second consecutive year that the Company has declared a
6:5 stock split.
TMA stock is quoted on the OTC Markets (www.otcmarkets.com)
under the symbol “MAAL”. TMA’s transfer agent is American Stock
Transfer & Trust Company, LLC, 6201 15th Avenue, Brooklyn, New
York, 11219, and can be reached at (718) 921-8293.
About The Marketing Alliance, Inc.
Headquartered in St. Louis, MO, TMA operates three business
segments. TMA provides support to independent insurance brokerage
agencies, with a goal of providing members value-added services on
a more efficient basis than they can achieve individually. The
Company also owns an earth moving and excavating business and two
children’s play and party facilities. Investor information can be
accessed through the shareholder section of TMA’s website
at:http://www.themarketingalliance.com/shareholder-information.
TMA’s common stock is quoted on the OTC Markets
(http://www.otcmarkets.com) under the symbol “MAAL”.
Forward Looking Statement
Investors are cautioned that forward-looking statements involve
risks and uncertainties that may affect TMA's business and
prospects. Any forward-looking statements contained in this press
release represent our estimates only as of the date hereof, or as
of such earlier dates as are indicated, and should not be relied
upon as representing our estimates as of any subsequent date. These
statements involve a number of risks and uncertainties, including,
but not limited to, general changes in economic conditions. While
we may elect to update forward-looking statements at some point in
the future, we specifically disclaim any obligation to do so.
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