24/7 Media Inc. Intends to Seek Stockholder Approval for Reverse Stock Split.Business Editors NEW YORK--(BUSINESS WIRE)--Sept. 5, 2001 24/7 Media Inc. (Nasdaq: TFSM), a leader in interactive marketing, today announced it intends to seek shareholder approval for a reverse split of the Company's outstanding common stock. The Company's Board of Directors still must decide whether or not and when to affect a reverse stock split and determine the exact ratio, within the parameters to be approved by the stockholders. The Company expects to mail its proxy statement Proxy Statement A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting. to stockholders in approximately two weeks, at which time the date of the stockholders' meeting to consider the proposal will be set. The objective of this action would be to maintain the Company's current listing on the Nasdaq National Market. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the rules of Nasdaq, a listed company listed company n → compañía cotizable listed company n → société cotée en Bourse listed company list n → must meet certain quantitative criteria, including maintaining a minimum bid price of $1.00 per share. A reverse stock split would reduce the number of shares of the Company's common stock outstanding, and thus may reduce the risk that the Company's common stock will be delisted from the Nasdaq National Market. About 24/7 Media, Inc. 24/7 Media Inc. is a leading provider of end-to-end end-to-end a pattern of anastomosis in which severed ends are matched and united, in contrast with other patterns such as end-to-side or side-to-side. Usually applied to anastomosis of the intestine. interactive technology and marketing solutions and services for Web publishers, online advertisers, advertising agencies, e-marketers and e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. merchants. 24/7 Media's solutions include advertising and direct marketing sales, ad serving, promotions, email list management, email list brokerage, data analysis, loyalty marketing, wireless and convergence solutions, all delivered from the Company's industry-leading data and technology platforms. 24/7 Media is based in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . For more information, please visit www.247media.com. |
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