American Hospital Resources Announces Special Dividend Pay Date.Business Editors SANTA ANA Santa Ana, city, El Salvador Santa Ana (sän'tä ä`nä), city (1993 pop. 129,873), W El Salvador. It is the second largest city in the country and the commercial and processing center for a sugarcane, coffee, and cattle region. , Calif.--(BUSINESS WIRE)--Nov. 10, 2003 American Hospital Resources, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AMHR AMHR American Miniature Horse Registry )(Berlin (WKN WKN Wertpapier-Kenn-Nummer (identifying number assigned to securities traded in Germany) WKN Warrior Knowledge Network (US Army) ) 913541) today announced the completion of all necessary steps to distribute a special dividend linked directly with its strategy of acquiring profitable pharmacy outsourcing companies List of Outsourcing Firms<ref name="who" /> Revenue (USD) Logo Company Headquarters Country of Largest Employment Service $3300 million . The first stock to be issued in this series is directly linked to the Rx Solutions, Inc. acquisition. This Series "D" 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. (D1 Preferred) will be issued directly to all beneficial shareholders at a ratio of 1 share for every 20 shares of common stock held as of July 15, 2003 (Record Date). All shareholders who have their certificates registered in their own names will have the dividend certificates mailed directly on or about November 17, 2003. These shareholders of record should contact investor relations Investor relations The process by which the corporation communicates with its investors. if they have had a change of address since acquiring the stock. Shareholders, who have their stock on deposit with brokerage firms, should contact their brokers to make sure their positions are accurately reported on the beneficial ownership list. The issuance of the Series D1 Preferred is a one-time event and will be available only to beneficial shareholders and is not subject to future ownership dilution. Its special benefit is that upon the sale of Rx Solutions, Inc. or the sale of American Hospital Resources in its entirety, the holders of such Series D1 Preferred will be entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: to the first 5% of the net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). received by the Company from such sale attributable to the valuation of the Rx Solutions component. As an acquisition company, AMHR anticipates offering similar special stock dividends linked to subsequent acquisitions. Management and the Board of Directors have determined this stock dividend vehicle to be a proper structure to reward long term investors who share the Company's vision. Christopher Wheeler, founder and Chief Executive Officer of AMHR, stated, "We recognize that as a public company our first responsibility is to our shareholders. Creating a linked class of special Preferred has been a very challenging process, but one that we hope will reward the long term investor who shares our vision. By building a profitable national pharmacy outsourcing company we expect one of our viable exit strategies to become our subsequent acquisition by a much larger company. This special dividend structure is designed to favor and reward our long term investors and ensure that they are first in line to benefit from gains realized in any such future transaction. The open market share price for any company's stock is always subject to dynamics not necessarily linked to the success of the company. These price fluctuations are an innate feature of the free market system. Our goal is to transfer a preferential opportunity for additional profit to our long term shareholders. The Board of Directors expects that AMHR will continue to issue subsequent Series 'D' Preferred Stock as a reward for each future acquisition in our consolidation campaign." Except for historical information contained herein, the matters discussed in this news 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. that involve risk and uncertainties, including but not limited to economic, competitive, governmental, political and technological factors affecting the Company's revenues, operations, markets, products and prices and other factors discussed in the Company's various filings with the Securities and Exchange Commission. |
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