Metropolitan Worldwide Reduces Outstanding Shares, Pays Dividend and Settles with NicStic.
NASHVILLE, Tenn. -- Metropolitan Worldwide, Inc. (Pink Sheets:MWWM) has today announced final settlement with NicStic AG in Zurich. MWWM and NicStic have mutually cancelled their legal proceedings All actions that are authorized or sanctioned by law and instituted in a court or a tribunal for the acquisition of rights or the enforcement of remedies. and severed all business relations. MWWM will now concentrate on launching its own tobaccoless and smokeless smoke·less
adj.
1. Emitting or containing little or no smoke: smokeless factory stacks.
2. cigarette early 2007 through its subsidiary Bel Air Bel Air may refer to:
Places in the United States: - Bel-Air, Los Angeles, California, a district of the City of Los Angeles, California, United States
- Bel Air, Alabama
- Bel Air, Kentucky
- Bel Air, Maryland
International Corp. NicStic AG and related parties have returned 16.8 million shares to MWWM which will go back to treasury and thus the amount of outstanding MWWM shares will be reduced by one third. At the same time, MWWM announced that all MWWM shareholders will receive Stock dividends in the form of one (1) share in subsidiary Bel Air International Corp. for each MWWM share held. Both Bel Air International Corp. and MWWM have relocated from Fort Lauderdale Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. to Nashville.
http://www.metropolitanworldwide.com
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