Zeros & Ones Announces Three-For-One Stock Split
LOS ANGELES--(BUSINESS WIRE)--Jan. 27, 2000--Zeros & Ones, Inc. (OTC BB: ZOZO) announced today that its Board of Directors has approved a three-for-one forward stock split of the Company's common stock.
Shareholders of record at the close of business on February 8, 2000, will receive two additional shares for every share they own. Certificates must be surrendered to the transfer agent in order to receive split shares.
Split shares will be payable on February 25, 2000. Zeros & Ones, Inc. will trade on a split-adjusted basis commencing on February 25, 2000. As of January 27, 2000, before the stock split, there were approximately 5.729 million shares outstanding.
Zeros & Ones' new CUSIP number post split will be announced as soon as it is assigned.
Zeros & Ones CEO Steve Schklair stated, "We have carefully considered a variety of options to facilitate the planned growth of the Company. A three-for-one stock split in combination with other upcoming announcements will provide improved liquidity in the trading of our common shares, increase shareholder value in the company, and propel us into the future we so deeply believe in."
Zeros & Ones (www.zerosones.com) is a leading developer of technology and content focused on the convergence of television and the Internet. The Company provides targeted solutions for e-business, broadband networks, and digital television. Through its Venture Catalyst Initiative, Zeros & Ones also fosters the development of independent dot-com business holdings.
Zeros & Ones maintains top-tier affiliations with the most prominent and influential companies in the Internet industry. The Company maintains affiliations with Netscape Communications, Inc. (Nasdaq:NSCP/AOL), Microsoft Inc. (Nasdaq:MSFT - news), Javasoft/Sun Microsystems Inc. (Nasdaq:SUNW - news), Open Market Inc. (Nasdaq:OMKT - news), WebTV Networks Inc., and Macromedia Corp.
Zeros & Ones is quoted on the Over-the-Counter Electronic Bulletin Board under the symbol ZOZO.
This news release contains forward-looking statements, including but not limited to, those that refer to the company's plans for future securities listings, or future development plans or operating results that are subject a number of risks and uncertainties.
Actual results could differ materially from those anticipated due to risk factors that include, but are not limited to, lack of timely development of products and services; lack of market acceptance of products, services and technologies; inadequate capital; adverse government regulations; competition; inability to earn revenue or profits; dependence on key individuals; inability to obtain or protect intellectual property rights; inability to obtain listing for the company's securities; lower sales and higher operating costs than expected; technological obsolescence of the company's products; limited operating history and risks inherent in the entertainment, telecommunications and Internet markets and business.
CONTACT: Zeros & Ones
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ZEROS & ONES INC - ZOZO
Price 8 7/8
Net Change -3/8
Volume (000) 7
Day High 10
Day Low 8 7/8
as of
02/09/00 13:57 PM EST
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