DP Charters Inc. Announces Forward Split of its Common Stock.Business Editors CAPISTRANO BEACH, Calif.--(BUSINESS WIRE)--Dec. 12, 2000 DP Charters Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DPCI DPCI Derwent Patents Citation Index DPCI Database Publishing Consultants Inc. DPCI Delaware Physicians Care, Inc. DPCI Department Class Item DPCI Dual Pci DPCI Data Prefetch Core Interface ) Tuesday announced that it will forward split its common stock five for one, pursuant to approval of its board of directors. This will increase the total number of outstanding common shares to 38.33 million. The forward split will apply to shares owned of record at the close of business on Dec. 12, 2000. The effective date for the split will be on Dec. 13, 2000. A mandatory share exchange will be required to effect this forward split, therefore shareholders of the record date will be required to surrender their shares to the company's transfer agent for re-issuance. The split will be payable on surrender of shares. Shareholders are not required to surrender their stock certificates by any mandatory deadline in order to 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 additional shares. The company recently announced that it has agreed to acquire TriLucent Technologies Inc., a developmental resource firm that specializes in the exploration of oil and gas. TriLucent has an exclusive, worldwide license to certain technologies that are believed to increase the chance of commercial success of exploratory drilling for oil and gas. Currently, the industry has an average success rate of about 20% when drilling for exploratory reserves, and TriLucent believes its technologies can facilitate an increase in this success rate to more than 50%. These technologies are expected to significantly reduce the risk associated with oil and gas exploration, and will partially create great economic benefit for the company's shareholders. The company plans on changing its name to TriLucent Technologies Corp. or a substantially similar name as well as change its trading symbol Trading symbol See: Ticker symbol . For more information about TriLucent Technologies, visit www.trilucent-technologies.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under 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: The statements contained herein which are not historical fact 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 are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays in testing and evaluation of products and other risks detailed from time to time in DP Charters Inc.'s filings with the Securities and Exchange Commission. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion