WEST HOLLYWOOD, CA, July 12, 2006 /Pink Sheets/ -- Salon City, Inc., (Pink Sheets: SLON), a leading media company in the beauty industry, with such well known publications as the Salon City Star Magazine, is pleased to announce that its Board of Directors declared a 5:1 Forward Stock Split on July 3, 2006, for shareholders of record on July 20, 2006. Immediately after the forward stock split, Salon City will have approximately 12.5 million shares of common stock in the float and a total of 928,295,625 shares outstanding.
According to Steve Casciola, Chairman and CEO, "the forward stock split will increase the number of shares available for trading, in anticipation of demand for the new issue." He said, "we hope to provide liquidity to our investors."
For more information on the Company, please visit the Company's website at http://www.saloncity.com.
To be added to Salon City's investor e-mail list, please send e-mail to our Investors Relations Department at
[email protected].
Salon City, Inc. provides content, media and product distribution services for the worldwide beauty industry, including professional and consumer beauty salons as well as spas, most notably through our Salon City Star Magazine. Salon City also has a network for distributing beauty products to these salons and spas.
Certain information contained in these materials is "forward-looking" information, such as projections, estimates, pro formas, or statements of intentions, expectations or plans. All forward-looking information is subject to known and unknown risks and uncertainties, many of which are outside of the control of the Company. Consequently, actual results may, and probably will, differ materially from the results contemplated in such forward-looking information.
Contact Salon City in West Hollywood, CA: 310-358-9017
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