COMARCO Announces Stock Split.Business Editors & High-Tech Writers IRVINE, Calif.--(BUSINESS WIRE)--Sept. 14, 2000 COMARCO Inc. (Nasdaq:CMRO CMRO Current Medical Research and Opinion (journal) CMRO Concerned Motorcycle Riders of Ohio CMRO Canadian Mud Racing Organization CMRO Certified Medical Review Officer CMRO Complex Maintenance, Repair & Overhaul ) Thursday announced that its board of directors has approved a 3-for-2 stock split of the company's common stock. The record date for the stock split is Oct. 6, 2000, and the distribution date is Oct. 27, 2000. Fractional shares Fractional share Stocks amounting to less than one full share, usually resulting from splits, acquisitions, exchanges, or dividend reinvestment programs. fractional share Less than one share of stock, that is, one-third or one-half a share. will not be issued and cash in lieu Cash In Lieu (CIL) In a typical exchange offer, "old" shares of the target company are exchanged for "new shares". thereof will be distributed to the affected shareholders. The purpose of the stock split is to increase the company's stock float and provide an opportunity to attract broader investor interest. About COMARCO Based in Irvine, COMARCO provides test and optimization products and services for wireless telephone carriers, systems for the wireless transmission of voice and data, and advanced technology products for portable wireless appliances such as notebook computers A laptop computer that weighs in a range from five to seven pounds. The term originated when laptops were routinely more than 10 pounds, and those that became lighter were placed in a special "notebook" category. In practice, notebook computer and laptop computer are synonymous. , cellular telephones and personal organizers. The company's Web sites can be found at www.comarco.com and www.chargesource.com. Certain of the statements contained 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 risks and uncertainties. |
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