Unique Bagel Co. Inc., (OTCBB: UQBG), a Delaware corporation, Thursday announced that its board of directors approved a stock dividend of five point two-five (5.25) new shares for every one (1) old share.
This shall be a mandatory exchange, therefore, the company will be trading under a new symbol, OTCBB: “UNQB.” The record date for the dividend is Dec. 12, 2000, with a pay date of Dec. 12, 2000, with an effective date of Dec. 14, 2000. The dividend shall increase the issued and outstanding to 36,855,000 shares of common stock. The company’s transfer agent is Interwest Stock Transfer, Salt Lake City.
The board also announced the hiring of Rene Palsenbarg as President/CEO and board member. Palsenbarg brings to the company 20 years of management and finance experience in both the private and capital markets. Palsenbarg is currently the President of Solution Ventures Corp., which operates a private equity management and investment company.
Forward-Looking Statements: This news release may include certain forward-looking statements. Forward-looking statements may include, but are not limited to, projections of revenue, income or loss and capital expenditures, statements regarding future operations, financing needs, plans relating to products or services of the company, assessments of materiality, predictions of future events and the effects of pending and possible litigation, as well as assumptions relating to the foregoing. In addition, when used in this discussion, the words “anticipates”, “believes”, “estimates”, “expects”, “intends”, “plans” and variations thereof and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are subject to various risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors, including but not limited to the company’s ability to manage rapid growth as a result of internal expansion and strategic acquisitions, the impact of competitive products and pricing, product demand and market acceptance, new product development, reliance on key strategic alliances, availability of raw materials, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the company’s filings with the Securities and Exchange Commission.