C-3D Digital Board of Directors Approves Reverse Stock Split.Business/Technology Editors LOS ANGELES--(BUSINESS WIRE)--Jan. 27, 2000 Chequemate International Inc. (AMEX AMEX See: American Stock Exchange :DDD DDD Direct Distance Dialing DDD Digital/Digital/Digital (audio CD format, recording/mixing/mastering) DDD Degenerative Disc Disease DDD Domain Driven Design DDD Data Display Debugger (GNU Project) ), doing business as C-3D Digital Inc., the world's first 3D television network and 3D Internet media company announced that its Board of Directors approved a 1-for-4 reverse stock split of the Company's common stock. The date on which the reverse stock split shares will be reflected on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. (AMEX:DDD) is February 2, 2000. C-3D Digital Chairman and Chief Executive Officer J. Michael Heil, &uot;Our business has now matured to a point where we have received considerable interest from institutional investors inquiring about the possibility of adding the Company's shares to their portfolios. Through this reverse split, our stock will be priced in a range that allows us to begin to attract quality institutions. Because certain institutional investors have internal policies preventing the purchase of low-priced stocks and many brokerage houses do not permit low-priced stocks to be used as collateral for margin accounts, the split should also generate additional liquidity for our loyal shareholders.&uot; C-3D Digital is a leading 3D media company that provides broadcasting and entertainment companies the ability to deliver 3D entertainment to any standard television 24 hours a day. As a leading innovator of 3D-entertainment technology, C-3D Digital is the first television network to offer 3D programming exclusively to satellite and cable television subscribers. Additionally, the company operates an Internet subsidiary company, 3D.COM (1) (Computer Output Microfilm) Creating microfilm or microfiche from the computer. A COM machine receives print-image output from the computer either online or via tape or disk and creates a film image of each page. . C-3D Digital maintains offices in the Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , California; St. George, Utah St. George is a city located in the southwestern part of the U.S. state of Utah, and the county seat of Washington County, Utah.GR6 It is the principal city of and is included in the St. George, Utah Metropolitan Statistical Area. ; and Phoenix, Arizona Phoenix /ˈfiːˌnɪks/ (English: Phoenix, Navajo: Hoozdo, lit. "the place is hot", Western Apache: Fiinigis) is the capital and the most populous city of the U.S. areas. This news release may contain forward-looking statements made pursuant to the &uot;safe harbor&uot; 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. While these statements are made to convey to the public the Company's progress, business opportunities, and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. While management believes such representation to be true and accurate based on the information available to the Company, actual results may differ materially from those described. The Company's operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ are set forth in C-3D Digital's periodic filings with the U.S. Securities and Exchange Commission. See also www.nfnonline.com/ddd |
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