Essential Resources announces two for one forward split of its common shares.LAS VEGAS--(BUSINESS WIRE)--Aug. 7, 1996--Essential Resources Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:ESRS ESRS European Sleep Research Society ESRS European Synchrotron Radiation Society ESRS Extra-pyramidal Symptoms Rating Scale ) Wednesday announced that effective Aug. 20, 1996, the company will exercise a two for one forward split of its common shares. At that time, the company's outstanding shares will increase from 1,495,196 to 2,990,392 and the price per share will split in half. Essential Resources Inc. currently trades on the NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). Electronic Bulletin Board under symbol ESRS, and closed trading on Tuesday, Aug. 5, 1996 at $10.25. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. company 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. and President, Phillip Cook: "Market support for ESRS has proven extremely positive since we initiated trading earlier this year. By declaring a dividend on our first quarter earnings and now forward splitting our stock, we hope to effectively reward those shareholders who have confided their support in our aggressive business plan. Further, we intend to continue enhancing shareholder value in Essential Resources by focusing on long term growth and stability." Essential Resources Inc. is a developer and global distributor of health and lifestyle products. The company's subsidiary, Collage International Health Pty, Ltd., markets a wide range of health related products focusing on the Asian marketplace under the brandnames Mother Nature(tm), Natures(tm), Green Munda(tm), Natures Nest(tm) and MN(tm). The company's other subsidiary, Essential Nature Products Pty, Ltd., was formed to develop and market the company's various Melaleuca Melaleuca see tea tree oil. formulations acquired in January 1996. CONTACT: Continental Capital & Equity Corp., Maitland Jeff Mann, 407/875-1110 or Internet: www.insidewallstreet.com |
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