ADVANCED PLANT PHARMACEUTICALS ANNOUNCES DIVIDEND.WEST ORANGE, NJ--(BUSINESS WIRE)--Feb. 27, 1995--Advanced Plant Pharmaceuticals, Inc. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. : APPI APPI American Psychiatric Publishing, Inc. APPI American Psychiatric Publishing Inc. APPI American Psychiatric Press, Inc. APPI Atmospheric Pressure Photoionization APPI Advanced Peer-to-Peer Internetworking APPI Advanced Plant Pharmaceuticals Inc. ) today announced that its Board of Directors has declared a dividend of one class A warrant and one class B warrant for every four shares of the Company's common stock. The dividend will be paid on or about May 23, 1995, to shareholders of record at the close of business on March 13, 1995. The class A warrant will have an exercise price of $11.00 and be convertible into one share of the Company's common stock. The class B warrant will have an exercise price of $18 and be convertible into one share of the Company's common stock. The class A and class B warrant, which are both immediately exercisable, will each expire expire /ex·pire/ (ek-spi´er) 1. to exhale. 2. to die. ex·pire v. 1. To breathe one's last breath; die. 2. To exhale. on March 13, 1997. Assuming that all warrants are exercised, the number of outstanding shares of the Company's common stock will increase from approximately 6 million to approximately 9 million. Advanced Plant Pharmaceuticals, Inc. is a phyto-pharmaceutical (plant derived products) company, whose mission is to research, develop, produce, and distribute botanically based therapeutics therapeutics Treatment and care to combat disease or alleviate pain or injury. Its tools include drugs, surgery, radiation therapy, mechanical devices, diet, and psychiatry. . APPI received the first IND from the Food and Drug Administration for a herbal herbal, early botanical book containing descriptions and illustrations of herbs and plants with their properties, chiefly those qualities that made them useful as medicines or condiments. Most of the herbals were written between c.1470 and c. product. CONTACT: Advanced Plant Pharmaceuticals Equity Group Inc. C.J. Lieberman Devin Sullivan (914) 362 4129 (212) 836-9608 Robert Goldstein (212) 371-8660 |
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