24/7 Real Media Announces a Reverse Split.Business Editors NEW YORK--(BUSINESS WIRE)--Feb. 17, 2004 24/7 Real Media, Inc. (Nasdaq:TFSM), a pioneer in interactive marketing and technology, announced today its Board of Directors has approved a 1-for-5 reverse split of its common stock. The Board acted in accordance with the approval given by the Company's stockholders at the 2003 Annual Meeting of Stockholders. The Company's common stock is expected to begin trading on a post-split basis on February 27, 2004, under the temporary trading symbol Trading symbol See: Ticker symbol "TFSMD" for approximately 20 trading days In Business, the trading day is the time span that a particular stock exchange is open. For example, the New York Stock Exchange is, as of 2006, open from 09:30AM to 4:00PM. Trading days never take place on weekends. before reverting re·vert intr.v. re·vert·ed, re·vert·ing, re·verts 1. To return to a former condition, practice, subject, or belief. 2. Law To return to the former owner or to the former owner's heirs. back to "TFSM" on or about March 26, 2004. As a result of the reverse stock split, every five shares of 24/7 Real Media common stock will be combined into one share of common stock. The reverse stock split affects all the Company's common stock, preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. , stock options, warrants and other equity-linked instruments outstanding immediately prior to the effective date of the reverse stock split. Any fractional share Fractional share Stocks amounting to less than one full share, usually resulting from splits, acquisitions, exchanges, or dividend reinvestment programs. fractional share Less than one share of stock, that is, one-third or one-half a share. resulting from the reverse stock split would be rounded up to the nearest whole share. The reverse split will reduce the number of shares of the Company's common stock outstanding from approximately 127 million to approximately 25 million shares. The Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. is acting as exchange agent for the reverse split, and will send letters of transmittal to registered stockholders instructing them on how to exchange their stock certificates. About 24/7 Real Media, Inc. 24/7 Real Media, a pioneer in interactive marketing and technology, targets and delivers audiences for publishers and marketers. Our customers generate increased revenue and profits through media and search services, coupled with one seamless platform of serving, targeting, tracking and analytics technologies. The company is headquartered 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 , with offices in other major U.S. cities, Canada, Europe and Asia. For more information, please visit www.247realmedia.com. 24/7 Real Media: Delivering today, Defining tomorrow. |
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