ORLANDO, Fla., April 6, 2004 (PRIMEZONE) -- ICR Systems, Inc. (Pink Sheets:ICRM) announced today that the company's Board of Directors has approved a three-for-one stock split of the company's outstanding shares of common stock. The stock split will entitle each stockholder of record at the close of business on the later of April 16, 2004 or approval from Nasdaq, to receive two additional shares for every outstanding share of common stock held. The additional shares from the split are expected to be distributed by the transfer agent on or about April 19, 2004. Upon the completion of the stock split, ICR Systems, Inc. will have approximately 82 million shares of common stock outstanding.
ICR Systems, Inc. Chairman and CEO, Trey Meehan, commented on the decision to split. "Our decision to split our stock at this time was based primarily on two reasons: 1. to help increase liquidity for our shareholders and 2. to make the stock price more affordable to investors in small-cap stocks. Both of these reasons allow investors to have easier access to obtaining an interest in ICR Systems, Inc."
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