Dialysis Corporation of America Announces A Stock Split.Business Editors/Health/Medical Writers HANOVER, Md.--(BUSINESS WIRE)--Jan. 16, 2004 Dialysis dialysis (dīăl`ĭsĭs), in chemistry, transfer of solute (dissolved solids) across a semipermeable membrane. Strictly speaking, dialysis refers only to the transfer of the solute; transfer of the solvent is called osmosis. Corporation of America (Nasdaq:DCAI DCAI Disabled Citizens Alliance for Independence (Viburnum, MO) DCAI Defense Contract Audit Institute DCAI Defense Communications Agency Instruction ) announces that the board of directors has declared a two-for-one stock split with respect to the company's 3,968,772 shares of outstanding common stock, $.01 par value. The record date upon which the stock split will take place is Wednesday, January 28, 2004. The distribution date for the mailing of the new certificates of common stock is February 9, 2004. The split will increase the outstanding shares of common stock to 7,937,544 shares of which the public float will be approximately 2,200,000 shares. It is hoped that the increased float will encourage more interest in the company and its securities, as well as enhance the trading volume Trading volume The number of shares transacted every day. As there is a seller for every buyer, one can think of the trading volume as half of the number of shares transacted. That is, if A sells 100 shares to B, the volume is 100 shares. . This 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. that are subject to risks and uncertainties, including, among others, certain delays beyond the company's control with respect to future business events, its continued growth, the highly competitive environment in the dialysis treatment industry, the extent of the trading volume and the volatility and character of the market price of the company's securities, and other risks detailed in the company's annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , and from time to time in the company's other filings with the Securities and Exchange Commission. CONTACT: For more information regarding the stock split, contact Thomas K. Langbein, Chairman of the Board, Dialysis Corporation of America, 777 Terrace Avenue, Hasbrouck Heights, New Jersey Hasbrouck Heights is a borough in Bergen County, New Jersey, United States. As of the United States 2000 Census, the borough population was 11,662. The current mayor is Ronald R. Jones. 07604, telephone: (201) 288-8222. |
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