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Applies to -- SSCP
stereoscape.com Announces Effective Date for 15 for 1 Stock Split
stereoscape.com Announces Effective Date for 15 for 1 Stock Split
FREEHOLD, N.J., Sep 19, 2000 (BUSINESS WIRE) -- stereoscape.com, inc. (OTC-BB:
SSCP) today announced that a 15 for 1 stock split of its common shares will be
effective at the close of business on September 29, 2000.
At the Company's Annual Shareholder meeting this morning all proposals were
approved by an overwhelming vote. Among other proposals passed at the meeting,
the shareholders approved an increase in its authorized shares to 200,000,000,
thereby paving the way to complete the previously announced stock split. The
increase in authorized common stock is just another step the Company is taking
toward achieving its goals. With the additional authorized shares the Company is
currently looking to diversify and acquire other Internet related companies via
accretive stock transactions. These companies may be spun-off to the Company's
shareholders to enhance overall shareholder value.
stereoscape.com through its Alpha Sound and Vision, Inc. and American Buyers
Club International, Inc. subsidiaries the Company sells high-end audio, video
and home theatre equipment through the Internet and its retail outlet in
Freehold, New Jersey.
The Company's E-Piggybank.com, Inc. subsidiary is a financial and educational
website that instructs kids on a "learn by doing" basis to become financially
literate so that they will be intelligent savers, investors and spenders as they
grow up.
This release contains forward-looking statements that involve risks and
uncertainties. The Company's actual results may differ materially from the
results discussed in the forward-looking statements. Factors that might cause
such a difference include, among others, general economic and business
conditions; industry trends; the loss of major customers; changes in demand for
the Company's product; the timing of orders received from customers; dependence
on third party sources of supply; the loss of licenses; availability of
management; availability, terms and deployment of capital; and changes in state
or federal governmental regulations of telecommunications services.
CONTACT: stereoscape.com, Freehold
Mario Bassani, 800/354-1324
URL: businesswire.com 
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KEYWORD: NEW JERSEY
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS
E-COMMERCE
INTERNET
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