nVIEW CORPORATION ANNOUNCES STOCK DIVIDEND AND NASDAQ APPROVAL FOR NMS LISTING
nVIEW CORPORATION ANNOUNCES STOCK DIVIDEND
AND NASDAQ APPROVAL FOR NMS LISTING
NEWPORT NEWS, Va., Nov. 1 /PRNewswire/ -- The board of directors of nVIEW Corp. (NASDAQ: NVUE) today approved a 2-for-1 stock split in the form of 100-percent stock dividend. The dividend will be paid to shareholders of record Nov. 16, 1991, and will be paid on Dec. 9, 1991. The company anticipates the ex-dividend date to be Tuesday, Dec. 10, 1991.
The board also announced that the common stock of the corporation has been approved by the National Association of Securities Dealers (NASD) for inclusion in the National Association of Securities Dealers Automated Quotations (NASDAQ) National Market System (NMS). The effective date for the inclusion will be Nov. 5, 1991.
The National Market System designation means the nVIEW's stock will be eligible for margin transactions with broker/dealers and that the volume of shares traded will be reported continuously. In addition, the stock will be available for trading in a broader range of states and listed in the regular NASDAQ "National Market Issues" reporting section of the financial press as opposed to the NASDAQ "Bid and Asked Quotations" section.
William Donaldson, president, said: "The stock dividend and the addition of nVIEW's stock on the NASDAQ National market System will give our shareholders greater liquidity and greater flexibility in managing their investment in nVIEW. In addition, the reporting of volume continuously and inclusion in the full NMS listing section of various newspapers will give nVIEW greater exposure within the national investment community."
The company had 2,086,613 shares issued and outstanding as of Oct. 31, 1991.
/CONTACT: Carol Butler-Suis, investor relations, nVIEW, 804-873-1354/
(NVUE) CO: nVIEW Corporation ST: Virginia IN: CPR SU: DIV MH -- DC013 -- 0197 11/01/91 11:56 EST