Canton announces a stock dividend in INFOTECH International Inc.SALT LAKE CITY--(BUSINESS WIRE)--June 14, 1996--The Canton Industrial Corp. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CICP CICP Centre for International Crime Prevention (United Nations Office for Drug Control and Crime Prevention) CICP Colorado Indigent Care Program CICP Consortium for International Crop Protection )(BSE See Bombay Stock Exchange. BSE See Boston Stock Exchange (BSE). :CND CND Campaign for Nuclear Disarmament CND n abbr (= Campaign for Nuclear Disarmament) → plataforma pro desarme nuclear CND (Brit) n abbr (= ) announced that it has declared a stock dividend for all shareholders of Canton's common stock who hold shares on June 24, 1996 ("Record Owners"). One of Canton's most distinguishable business practices is to accept equity from its clients in lieu of cash payments for its services. As a result, Canton has decided to convey a portion of these holdings to its shareholders. Canton's latest dividend will consist of one share of common stock in INFOTECH International Inc. for every 100 shares of Canton stock held by Canton Record Owners. INFOTECH International Inc. entered into a consulting agreement with a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Canton on March 25, 1996. INFOTECH International Inc. is a Florida based company that develops wireless turn-key mobile computing products for the public safety sector. Some restrictions as to the dissemination of this dividend do apply because of varying state securities laws. For more information concerning these restrictions and further details concerning distribution of the dividend, contact: Richard Surber at 801/575-8073 or e-mail: canton@cybermalls.net. CONTACT: Canton Industrial Corp., Salt Lake City Matthew Crocker, 800/745-6467 E-mail: canton@cybermalls.net |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion