KAMLOOPS, British Columbia, Aug. 30, 2004 (PRIMEZONE) -- Global Explorations Inc. (Pink Sheets:GXXL) is increasing the dividend shares of FNRP. Post split would equate as follows - for every 25 shares of GXXL held, shareholders would receive 1 share of FNRP.
It is mandatory for a company to receive permission from Nasdaq for any forward splits, dividends or changes to forward splits or dividends. A company must file within 10 days of the proposed dividend date and must wait for NASDAQ approval. Global Explorations Inc. is increasing the dividend and will file the necessary paperwork with Nasdaq within the next few days. As soon as Global receives permission from Nasdaq, the exact date shall be announced.
If any shareholder requires further clarification on this issue, please contact Lisa Blackstock at 250-579-9914.
FNRP intends to file a Form 10SB with the Securities and Exchange Commission, when an audit of the Company is completed. When, and if, effective, it will allow the shareholders of restricted shares to better utilize the selling provisions of Rule 144, and may, with the appropriate opinion of counsel, remove the restrictive legend on the shares prior to the one-year period being completed, under the spin-off rules of the SEC. Otherwise you will be able to send your restricted certificate to the Transfer Agent after one year, and with an opinion of counsel sell the shares in a "brokers' transaction."
Also, a new message board for discussing the long term potential of the company is now active at www.hotstockmarket.com
Global Explorations in association with MillenniumSMS (http://www.MillenniumSms.com) develops SMS software for consumers and businesses. The company is in the process of building a worldwide database of cell phone numbers which can be used as a marketing vehicle.
CAUTIONARY STATEMENT: This news release may include forward-looking statements within the meaning of Section 21E of the United States Securities Exchange Act as amended, and/or the U.S. Private Securities Litigation Reform Act of 1995. All statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements that involve various risks and uncertainties. All forward-looking statements in this release are expressly qualified by this notice.