Wireless Synergies Announces Change of Name to 2KSounds Corporation and Forward Stock Split.Business Editors & Entertainment Writers WOODLAND HILLS, Calif.--(BUSINESS WIRE)--May 22, 2002 Wireless Synergies, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :WLSY), announced here today that its corporate name change to 2KSounds Corporation was effective on Tuesday, May 21, 2002, and that the Company had also began trading on the 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. (OTCBB) under its new trading symbol Trading symbol See: Ticker symbol , TWOK TWOK The Wrath Of Khan (Star Trek movie) TWOK Taking Without Consent . In connection with the corporate name change, the Company obtained a new CUSIP number CUSIP Number An identification number assigned to all stocks and registered bonds. The Committee on Uniform Securities Identification Procedures (CUSIP) oversees the entire CUSIP system. Notes: This system is used in the U.S. and Canada. , which is 90210U 10 0. The Company also announced today that its previously announced 20-for-1 forward stock split, in the nature of dividend, was effective as of May 21, 2002. As a result of the forward stock split, the 18,697,279 outstanding shares of the Company's common stock now represent, in the aggregate, 373,945,580 shares of common stock, and each one share of the Company's common stock represents 20 shares of common stock. Shareholders will receive 19 additional shares of the Company's common stock for each share of common stock they hold in the Company. The Company has ordered a sufficient number of stock certificates bearing the Company's new corporate name. The Company will issue to each shareholder of record as of the close of business on May 20, 2002, a stock certificate bearing our new 2KSounds Corporation corporate name and CUSIP number for the additional number of shares which each shareholder is entitled to receive as a result of the forward stock split (i.e., 19 additional shares of common stock for each one share held on the record date). With respect to each shareholder's existing Wireless stock certificate, such certificate represents, and will continue to represent, the number of shares denominated on the face of such certificate. The Company urges each shareholder to send their existing Wireless stock certificate to our transfer agent, American Stock Transfer & Trust Company, who will reissue re·is·sue v. re·is·sued, re·is·su·ing, re·is·sues v.tr. To issue again, especially to make available again. v.intr. To come forth again. n. 1. to such shareholder a new stock certificate in their name for the same number of shares represented by their existing Wireless stock certificate. The new stock certificate issued to shareholders representing the reissued shares will bear the Company's new corporate name and CUSIP number. A transmittal letter Transmittal letter A letter describing the contents and purpose of a transaction delivered with a security that is changing ownership. addressed to American Stock Transfer will be sent to the Company's shareholders for their use in sending their existing Wireless stock certificates back to our transfer agent. While the Company encourages each shareholder to submit their existing Wireless stock certificate to our transfer agent so that the shares represented thereby can be reissued to such shareholder's name on the Company's new stock certificates, shareholders are not required to do so. American Stock Transfer will continue to process transfers of shares represented by existing Wireless stock certificates. About 2KSounds Corporation 2KSounds Corporation is a holding company for its operating subsidiary An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. , 2KSounds Inc., which is an integrated music company located in Woodland Hills, Calif. 2KSounds locates and promotes new musical talent, and produces and distributes their music through a variety of methods, including joint ventures with major labels, sub-labeling and partnerships on albums by existing artists. Most significant, 2KSounds has entered into a direct distribution agreement with EMD EMD Electromechanical dissociation, see there , a division of EMI (ElectroMagnetic Interference) An electrical disturbance in a system due to natural phenomena, low-frequency waves from electromechanical devices or high-frequency waves (RFI) from chips and other electronic devices. Allowable limits are governed by the FCC. , one of the five major world-wide music companies, under which EMD will distribute all of 2KSounds music offerings. The principal executive offices of 2KSounds Corporation are located at 21700 Oxnard Street, Suite 1030, Woodland Hills, Calif., 91367. Statements about the company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in 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. The company intends that such forward-looking statements be subject to the safe harbors created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the company's actual results could differ materially from expected results. |
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