CEI Entertainment Inc. Announces 3:1 Stock Split.Entertainment Editors/Business Editors GLENDALE, Ariz.--(BUSINESS WIRE)--March 29, 2004 CEI CEI Competitive Enterprise Institute CEI Conferenza Episcopale Italiana (Italian bishop conference) CEI Central European Initiative CEI Comitato Elettrotecnico Italiano (Italian Electrotechnical Committee) Entertainment, Inc. (CEEM CEEM Consortium for Environmental Education in Medicine CEEM Conference on Environmental Electromagnetics CEEM Consejo Estatal de Estudiantes de Medicina (Spanish National Medicine Students' Council) .PK) announced a 3:1 forward stock split effective April 5, 2004. The format of this split is a 2 for 1 (200%) dividend payout made after April 5, 2004 to be mailed directly to the shareholders, or credited to their brokerage accounts Brokerage Account An arrangement between an investor and a licensed brokerage firm that allows the investor to deposit funds with the firm and place investment orders through the brokerage, which then carries out the transactions on the investor's behalf. . For example, purchasers of 1000 shares by the close of business on April 5 will have 3000 shares after the split. Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , James Rosin said, "This action will allow the company more flexibility in attracting investment activity, since it should make the stock more affordable and liquid. We anticipate that this will help to fund the company's numerous major film and television projects. We feel that in this manner we can generate even more shareholder value in the future," he concluded. ABOUT THE COMPANY CEI Entertainment, Inc. is an independent motion picture and television production company headquartered in 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. with offices in Atlanta, GA and Omaha, NE. CEI produces motion pictures and television programming, and provides co-production and syndication services as well as feature film packaging and distribution procurement partnerships with independent and major motion picture production and distribution companies. CEI Entertainment has formed strategic alliances with national and international independent production companies and producers in both the television programming and motion picture production areas. For official corporate or more information on the company or the events above visit our web site at www.ceiwebsite.com or contact Dave Petersen at (402)-933-8696. This 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. within the meaning of Section 37 A of the Securities Act of 1933 and Section 21 E of the Securities Exchange Act of 1934 of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . These forward-looking statements involve risks and uncertainties. The Company undertakes no obligation to publicly update or revise the forward-looking statements whether as a result of new information, future events or otherwise. |
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