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Published in Stocks and Investing on Tuesday, February 17th 2009 at 4:40 GMT, Last Modified on 2009-02-17 04:41:53 by Market Wire
SAN JOSE, CA--(Marketwire - February 17, 2009) - Zippi Networks Inc. (
As a result the company realizes the value exchange when completing a reverse split requires continued support of its shareholder base as the company aims at increasing shareholder equity for the long term. Zippi's management believes that its company's value and ultimate success depends on a strong and loyal shareholder base, and believes the approval of a stock dividend is necessary to show its appreciation and support of Zippi.
Robert A. Rositano Jr., CEO Zippi Networks, Inc., stated, "Zippi has been very fortunate in the development stages of our business to have built a loyal community of shareholders that believe in the Zippi offering. As we push forward with what is proving to be an amazing business we must show our appreciation to our shareholders in every way possible. In this regard Zippi will be completing a stock dividend to all shareholders of record as of March 15, 2009 who have acquired shares in the open market or through investment in private placements over the years. The dividend of shares issued will be computed on the number of shares owned as of the above date and will be determined as we monitor our share performance in the coming weeks."
About the Company:
Zippi™ Networks, Inc. (
The strength of the eBay community resides in eBay's very own message "the power of all of us," until Zippi each and every eBay seller has been very careful not to give away selling secrets, creating competition within the eBay marketplace. Zippi embraces the power of many, allowing each "Zipster" to build teams on eBay with "Zippi TeamBuilder™" allowing a Zipster to scale earnings and eliminate competition by building team members, which has never been allowed within the eBay community, until now with Zippi!
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from those projected in the forward-looking statements as results of various factors including the ability of the company to successfully commercialize its new technologies and service offerings. The company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Zippi is a trademark of Zippi Networks, Inc. All other trademarks or registered trademarks are the property of their respective owners.
