The Directors and Management of Diversified Equities International Inc. -- ''the company'' -- hereby make the following announcements.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Diversified diversified (di·verˑ·s Equities International Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :DVEI) (OTC:DVEN) announces: 1. A forward split is now in effect for the company's ordinary shares, whereby each shareholder is entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: to 10 new ordinary shares for one old ordinary share. This forward split is applicable for all conversions of preferred shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. into ordinary shares. 2. The company's post-split shares are now trading under the symbol DVEN (the old symbol DVEI is no longer applicable). 3. The company has completed an agreement for the sale of its hotel property, and a closing is scheduled before February 15, 2005. In addition, the company has completed MoUs for two development-and-sale properties in British Columbia and has secured an interest in three unique properties (for upgrading and sale purposes) in Eastern Europe Eastern Europe The countries of eastern Europe, especially those that were allied with the USSR in the Warsaw Pact, which was established in 1955 and dissolved in 1991. . More details on the company's reorganization of its assets will follow in early February. 4. The company's current status, following the reorganization of its assets, allows it to achieve current (for the quarter ending October 2004) status on dividend payments due on its preferred shares. The dividends, to be paid in cash, will be due to all shareholders whose names appear on the company's register of shareholders as of January 20, 2005. 5. The company has begun posting its corporate and financial data on www.pinksheets.com. October-end 2004 financial statements are expected to be posted on the same website around February 7, 2004. 6. The company has appointed Phoenix Capital Partners as its PR/IR agents with immediate effect. Issued on behalf of the Board of Directors Diversified Equities International Inc. Caution: This press release contains certain forward-looking statements 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. . Investors in the company's shares should be aware that forward-looking statements are essentially speculative in nature, unless events mentioned in such statements become a reality at some point in the future. In every other respect, investors are advised to take qualified investment advice before making investments of a speculative nature. Investors are also encouraged to check the company's filings on www.pinksheets.com. |
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