Business
The Marketing Alliance Announces 8:7 Stock Split
The Marketing Alliance Announces 8:7 Stock Split.
About this update from Marketing Alliance, Inc. (the)
[{"type":"text","content":"\n \n The Marketing Alliance, Inc. (OTC:MAAL) (“TMA”), today announced \n that its Board of Directors has approved a 8:7 stock split of the \n Company’s common stock.\n \n \n The record date for the stock split is August 25, 2017. Shareholders of \n record as of this date will receive one additional new share of common \n stock for each seven shares that they own as of the market close on the \n record date. The distribution of the new shares will be made on or about \n September 15, 2017. When applicable, fractional shares will be issued.\n \n \n As a result of the stock split, the outstanding shares of the Company's \n common stock outstanding will increase to 8,032,266 shares outstanding \n from 7,028,233 shares outstanding.\n \n \n TMA’s transfer agent is American Stock Transfer & Trust Company, LLC, \n and can be reached at (718) 921-8293.\n \n \n About The Marketing Alliance, Inc.\n \n \n Headquartered in St. Louis, MO, TMA operates three businesses. TMA \n provides support to independent insurance brokerage agencies, with a \n goal of providing members value-added services on a more efficient basis \n than they can achieve individually. The Company also owns an earth \n moving and excavating business and nine children’s play and party \n facilities. Investor information can be accessed through the shareholder \n section of TMA’s website at: http://www.themarketingalliance.com/shareholder-information.\n \n \n TMA’s common stock is quoted on the OTC Markets (http://www.otcmarkets.com) \n under the symbol “MAAL”.\n \n \n Forward Looking Statement\n \n \n Investors are cautioned that forward-looking statements involve risks \n and uncertainties that may affect TMA's business and prospects. Examples \n of forward-looking statements include, among others, statements we make \n regarding our expectations for our performance during fiscal 2017 and \n future periods and the production of favorable returns to shareholders, \n our ability to obtain new carriers and more economical and faster ways \n for carrier products to be distributed, our expectations with respect to \n the distribution of new life insurance products, the effects of ongoing \n uncertainty regarding the Department of Labor’s Fiduciary Rule in our \n annuity business, our ability to diversify our eart...