Academy Resourses, Inc. Announces Five-For-One Forward Split.Business Editors VANCOUVER, B.C.--(BUSINESS WIRE)--April 11, 2000 Academy Resources, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). Pink Sheets:ARSU), a publicly traded Nevada Corporation A Nevada Corporation is a corporation chartered under the laws of the U.S. state of Nevada. Nevada, like the state of Delaware (See Delaware corporation), is well known as a corporate haven. , announced today that subject to shareholder approval there will be a five-for-one forward split. All shareholders of record at the close of business of May 29, 2000 will receive five shares for each one owned. The date of distribution is set for June 5, 2000. Academy Resources, Inc. is also using the stock to make strategic acquisitions. This stock split will contribute additional market value to our common stock by attracting new investors. Stay tuned for more exciting news in the coming weeks. Academy Resources, Inc. is a Vancouver based Acquisition Company, currently negotiating to acquire exciting companies in the Internet arena. Equitrade Securities (toll free number 800/266-1170) and National Capital (949/261-2138) are currently making a market in this security (ARSU). FORWARD LOOKING STATEMENT Except for historical matter contained herein, the matters discussed in this press release are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. and are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These forward-looking statements reflect assumptions and invoke To activate a program, routine, function or process. risks and uncertainties, which may affect the Company's business and prospects and cause actual results to differ material from these forward-looking statements. |
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