Adal Group Declares 6-for-1 Stock Dividend; Company Seeks Broader Stock Ownership, Distribution and Liquidity.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 & LONDON -- Adal Group, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : ADGR ADGR All Donations Gratefully Received ADGR Active Duty Guard & Reserve ), a leading producer of aluminum precision engineered parts, added value Added value in financial analysis of shares is to be distinguished from value added. Used as a measure of shareholder value, calculated using the formula:
The first day of trading when the buyer of a stock is no longer entitled to the most recently announced dividend payment ( i.e. the trade will settle the day after the record date, too late for the buyer to appear on the shareholder record and receive the dividend. is October 14, 2005. The stock split will increase the number of common shares outstanding from approximately 3,165,976 shares to approximately 22,161,832 shares. In announcing the initiative, Nicholas A. Shrager, Chairman and Chief Executive Officer of Adal Group said, "We are pleased with the recent performance of our business. This stock dividend is intended to increase the size of our public float, provide greater liquidity for our shares and make our shares more appealing and accessible to a broader base of prospective shareholders." About Adal Group, Inc. Adal Group, Inc., based in the UK, is a global producer of added value aluminum extrusions, precision engineered parts and related proprietary products. Adal Group operates in high growth, large niche markets, including such key industries as aerospace, defense, automotive and construction. The company is also developing proprietary aluminum based technologies that have significant potential in the global market, and last month made patent applications for "Ticalium", a new high-strength but lightweight aluminum and titanium carbide Titanium carbide, Ti C, is an extremely hard refractory ceramic material, similar to tungsten carbide. It is commercially used in tool bits cutting tools. It has the appearance of black powder with NaCl-type face centered cubic crystal structure. metal matrix composite Metal matrix composite A material in which a continuous metallic phase (the matrix) is combined with another phase (the reinforcement) that constitutes a few percent to around 50% of the material's total volume. . Additional information on Adal Group is available on its web site www.adalgroup.com. The above news release contains 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. . These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performances, and are subject to a wide range of business risks, external factors and uncertainties. Actual results may differ materially from those indicated by such forward-looking statements. The Company assumes no obligation to update the information contained in this press release, whether as a result of new information, future events, or otherwise. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion