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 on the later of at the close of business April 16, 2004 or approval from Nasdaq, to receive two additional shares for every outstanding share of common stock.
The following includes additional text of the release from the company regarding the split.
The stock split will entitle each stockholder of record on the later of at the close of business April 16, 2004 or approval from Nasdaq, to receive two additional shares for every outstanding share of common stock. The split is a mandatory exchange payable upon surrender. Therefore, stockholders entitled to receive split shares are required to remit their pre-split stock certificates to the Company's transfer agent to receive their split shares. Upon the completion of the stock split, ICR Systems, Inc. will have approximately 82 million shares of common stock outstanding.
"SAFE HARBOR"
This press release may contain forward-looking statements. The words "estimate", "possible" and "seeking" and similar expressions identify forward-looking statements, which speak only as to the date the statement was made. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted, or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks.