Frontline Communications Shareholders Approve Increase in Number of Shares of Preferred Stock.Business Editors PEARL RIVER Pearl River, uninc. village (1990 pop. 15,314), Rockland co., SE N.Y., near the N.J. line. It is a residential suburb of New York City, and a computer and telecommunications research and development center. Pearl River River, central Mississippi, U. , N.Y.--(BUSINESS WIRE)--January 7, 2000 Frontline Communications Corp. (Nasdaq: FCCN FCCN Fundacao para a Computacao Cientifica Nacional ), www.frontline.net, today announced that the shareholders of the Company voted to approve an amendment to the Company's certificate of incorporation certificate of incorporation n. some states issue a certificate to prove a corporation's existence upon the filing of Articles of Incorporation. In most states the Articles are sufficient proof. to increase the authorized number of shares of preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. from 1,000,000 to 2,000,000. The proposed amendment was voted upon by the shareholders at a special meeting held on January 6, 2000, in Pearl River, New York Pearl River is a hamlet (and a census-designated place) in Rockland County, New York, United States. The population was 15,553 at the 2000 census. Pearl River is in the western part of the Town of Orangetown. . About Frontline Founded in 1995, Frontline Communications Corporation provides Effortless Ecommerce and Internet Access to small and medium sized businesses nationwide. Frontline provides high-quality Internet services (Access, Development and Presence) through its three Ecommerce brands: Frontline.net, WOWFactor.com, and Channel iShop.com, (to be launched in Q1, 2000), each serving important geographic, demographic and vertical business market segments. Frontline's focus on specific small and medium sized businesses and their unique needs is intended to help those customers utilize the Internet more easily to achieve an advantage over their competitors. As a member of IBM's Web Integrator Initiative, Frontline now provides its clients with full Web design, development and Ecommerce solutions. Frontline is headquartered in Pearl River, New York, and is traded on the Nasdaq Small Cap Market. The statements which are not historical facts contained in this press release are forward looking statements that involve risks and uncertainties, including but not limited to, changes in the market for Internet services, regulatory and technological changes, economic factors, increased competition, and the nature of supplier of customer arrangements which become available to the Company in the future. The Company's actual results may differ materially from the results discussed in any forward-looking statement 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. . |
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion