Company Reports Share Split
Trading Symbol: FVNN (Pink Sheets)
Company Reports Share Split
Vancouver - April 1, 2005 - Five Nines Ltd. (the "Company") (PINK SHEETS: FVNN) Carman Parente, President of Five Nines, Ltd. announces that its Board of Directors has approved a 2 for 1 forward stock split of the Company's common stock. The record date for the split is April 1, 2005, with an anticipated distribution date of April 8, 2005. The Company's common stock is expected to be quoted, on a post-split basis, beginning on April 4, 2005.
The stock split will be effected in the form of a stock dividend and will entitle each stockholder of record at the close of business on April 1, 2005, to receive one (1) additional share of common stock, no par value $0.00 per share, for every one share of common stock, no par value $0.00 per share, held on the record date. Existing certificates should not be destroyed or returned to the Company and will continue to represent the number of shares indicated. New certificates will be issued for the balance of shares due by the Company's transfer agent. The split will involve no change in the Company's CUSIP number or its trading symbol. The 2 for 1 stock split will not change the shareholders' existing proportionate ownership.
Cautionary Statement: This news release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although Five Nines Ltd. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included herein, the inclusion should not be regarded as a representation by Five Nines Ltd. or any other person that the objection and plans of Five Nines Ltd. will be achieved.
CONTACT:
Five Nines, Ltd.
1 604-880-3144