Genroco Declares Stock Split.SLINGER, Wis.--(BUSINESS WIRE)--Sept. 22, 1999-- Stock Dividends to Increase Company's Float GENROCO, Inc. (GENROCO) (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. : "GRCI"), a world leader in Storage Area Network (SAN) technology announced today that it will immediately undertake a three for one stock split in order to increase the number of its tradeable shares and reduce the price of a minimum one hundred share block of stock for small investors Small investor An individual person investing in small quantities of stock or bonds. This group of investors makes up a minimal fraction of total stock ownership. small investor . Stockholders will receive two new shares of GENROCO common stock for each current share that they hold, thereby tripling the number of outstanding shares. Upon completion of the stock split, there will be approximately four million shares outstanding with about 750,000 shares in the "float". GENROCO began trading publicly through the "pink sheets" in October 1988 and is currently carried on the OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). Electronic Bulletin Board. After closing at a then all-time high of $9 per share on September 17th, 1998, the Company's stock did not exceed that mark until July 17 of this year when it closed at $9.50. Since that time, the stock has closed as high as $23.25 and has traded as high as $25. THIS NOTIFICATION OF THE AVAILABILITY OF GENROCO STOCK IS NOT AN OFFERING, A SOLICITATION solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual , OR A RECOMMENDATION. About GENROCO GENROCO, Inc. is a 25 year old, publicly traded engineering and marketing company that specializes in developing I/O (Input/Output) The transfer of data between the CPU and a peripheral device. Every transfer is an output from one device and an input to another. See PC input/output. I/O - Input/Output solutions for users of high performance storage area networks (SANs). By providing cross-platform support for its patented technology, the Company is able to offer unique, extraordinarily high bandwidth, low host overhead products for these markets. GENROCO enjoys a global customer base that includes Compaq, Fujitsu, SGI (SGI, Sunnyvale, CA, www.sgi.com) A manufacturer of workstations and servers, founded in 1982 by Jim Clark. The company was founded as Silicon Graphics, Inc., but changed to its acronym in 1999. , Sun, the US Departments of Defense and Energy, CERN CERN or European Organization for Nuclear Research, nuclear and particle physics research center straddling the French-Swiss border W of Geneva, Switzerland. , and other research institutions. SOURCE: DigitalWork ( http://www.digitalwork.com ) WHERE SMALL BUSINESS GOES TO WORK |
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