MPTV Announces New Trading Symbol, Stock Split and 1-for-1 Stock Dividend.
IRVINE, Calif. -- In a move to enhance its share price and make it more attractive to institutional investors, MPTV MPTV Multi-Program Television
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MPTV Mobile, Positional, TV and Voice , Inc. (BULLETIN BOARD: MPTT MPTT Multi-Professional Triage Team (UK)
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MPTT Maintenance Part Task Trainer ) , an innovator in Timeshare Resort Development, today announced that effective at the open of market on Monday, January 14, 2002, the Company's trading symbol Trading symbol
See: Ticker symbol will change from MPTV to MPTT and the Company's common stock will be consolidated in a one-for-ten reverse stock split. The Company will also issue a one-for-one stock dividend to shareholders of record as of Monday, January 21, 2002. The dividend will be paid out to shareholders on Friday, January 25, 2002, and we understand that the stock price on that day will not be adjusted for the dividend.
"As we come closer to closing on major financing and building our timeshare units, MPTV is becoming increasingly attractive to institutional investors. Many of the investors have certain guidelines or parameters they must adhere to in selecting their investments. Based on our direct research and talks with the investment community, a capitalization structure with fewer shares outstanding and a correspondingly higher stock price will put MPTV within the reach of these investors," stated Mr. Hurley C. Reed, MPTV's President and 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. .
MPTV develops and markets timeshare resort properties. The Company's principal asset is a multi-million dollar resort property called Lake Tropicana. MPTV's current project is the Lake Tropicana Timeshare Resort and Towers ( http://www.laketropmptv.com/ ) located in Las Vegas, Nevada between the MGM MGM
in full Metro-Goldwyn-Mayer, Inc.
U.S. corporation and film studio. It was formed when the film distributor Marcus Loew, who bought Metro Pictures in 1920, merged it with the Goldwyn production company in 1924 and with Louis B. Mayer Pictures in 1925. Grand Hotel/Casino and the Aladdin Hotel/Casino on the "strip" and the Hard Rock Cafe Hard Rock Cafe is a chain of casual dining restaurants. It was founded in 1971 by Isaac Tigrett and Peter Morton, and their first Hard Rock Cafe opened near Hyde Park Corner in London, in a former Rolls Royce car dealerships showroom close to Hyde Park, where in 1979 they began to on Paradise and Harmon Avenue. The "Harmon Corridor" is undergoing transformation with two new casino hotels and three large timeshare projects planned for this area.
Shareholder Contacts: Laurel Moody, Vision Consulting, Email firstname.lastname@example.org, Calls: 212-446-6109.
Serena Riedel, Email: email@example.com.
This press release contains forward looking statements within the meaning of the "safe-harbor" provision of the Private Securities Litigation reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 about the Company's financial condition and business prospects that involve substantial risks and uncertainties. You can identify these statements by the fact that they use words such as "anticipate," "estimate," "expect,'
' "project," "intend," "plan," "believe" and other words and terms of similar meaning in connection with any discussion of future operating or financial performance. Among the factors that could cause actual results to differ materially are the following: failure to meet conditions of the loan; increases in interest rates; a decline in the Las Vegas real estate market or the timeshare market in general; and general economic conditions in the United States. A further list and description of these risks, uncertainties and other matters can be found in the Company's Annual Report on Form 10-KSB for the fiscal year ended December 31, 2000 and in its periodic reports on Forms 10-QSB and 8-K (if any). These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. These forward-looking statements speak only as of the date hereof. The Company disclaims any intent or obligation to update these forward-looking statements.
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Contact: Laurel Moody, of Vision Consulting, +1-212-446-6109, firstname.lastname@example.org, or Serena Riedel, email@example.com, both for MPTV, Inc.