Global Entertainment Holdings Announces Three-for-One Forward Stock Split; Audit in Preparation for Nasdaq Filing.OMAHA Omaha, city, United States Omaha (ō`məhä, –hô), city (1990 pop. 335,795), seat of Douglas co., E Nebr., on the west bank of the Missouri River; inc. 1857. , Neb.--(BUSINESS WIRE)--Aug. 5, 1999-- Global Entertainment Holdings/Equities Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:GAMM GAMM Generalized Air Mobility Model GAMM Gimbal Angle Matching Monitor GAMM German Association for Mathematics and Mechanics ) (www.globalentertainmentinc.com) Thursday announced it has officially declared Aug. 13, 1999, as the record date for its three-for-one (3:1) forward stock split with a distribution date of Aug. 20, 1999, and an ex-dividend date Ex-dividend date The first day of trading when the buyer of a stock is no longer entitled to the most recently announced dividend payment ( i.e. the trade will settle the day after the record date, too late for the buyer to appear on the shareholder record and receive the dividend. of Aug. 23, 1999. This action was taken in order to enhance the capital structure of Global Entertainment Holdings, creating a more attractive stock for the entire investor population. The company also announced it is undergoing a financial audit for the six months ended June 30, 1999, and expects to have it completed by early September 1999. The completion of this audit will allow Global Entertainment Holdings to meet the financial reporting guidelines established by the new OTC Eligibility Rule before its December 1999 deadline. According to the SEC, to be compliant an issuer must file its latest required annual filing and any subsequent quarterly filings. In the alternative, an issuer may be deemed compliant if it files a Form 10 or a Form 10-SB and clears all comments by the SEC. Global Entertainment Holdings is in the process of filing a Form 10-SB that will include its audited financial statements for the six months ended June 30, 1999. Once the SEC has declared the Form 10-SB effective, Global Entertainment Holdings will be eligible to file for a Nasdaq listing. With headquarters in Omaha, Global Entertainment Holdings/Equities provides financial consulting, investment banking and funding for its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Interactive Gaming and Wagering N.V. (IGW IGW Increased Gross Weight (Boeing) IGW Investment Grade Wine IGW Integrated Gateway IGW Integral Gateway IGW Inter-Galactic War IGW If God's Willing IGW International Gateway IGW Internet Gateway IGW Industrial Security Gateway ) and TheSportsDaily.com (www.TheSportsDaily.com), a division of Global Entertainment Holdings. IGW, based in Willemstad, Curacao, has developed the Internet & Telephony Sportsbook & Casino System (ITSS ITSS Information Technology Systems and Services ITSS Intelligent Transportation Systems Society (IEEE) ITSS Information Technology Solutions Shop (GSA) ITSS Improved Thermal Sight System ), a leading turnkey sportsbook and casino software package, which it licenses. Global Entertainment Holdings, through TheSportsDaily.com, offers sports enthusiasts a portal to relevant sports information. Visit Global Entertainment at www.globalentertainmentinc.com; Interactive Gaming & Wagering N.V. at www.interactive-gaming.com; TheSportsDaily.com at www.TheSportsDaily.com; and Global's Licensees' sites: www.fairdealsportsbook.com, www.fairdealcasino.com, www.gamedaysportsbook.com, www.gamedaycasino.com, www.vipcasinos.com and www.vipsports.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 Some statements in this release are forward-looking and are subject to certain risks and uncertainties. These risks and uncertainties include, but are not limited to, economic conditions, changes in laws or regulations, demand for products and services of the company and the effects of competition. These risks and uncertainties could significantly affect anticipated results in the future and actual results may differ materially from any forward-looking statements. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion