ZANC news !
ZANN Corp Responds to Stock Split Questions
Wednesday April 27, 12:00 pm ET
FENTON, Mich.--(BUSINESS WIRE)--April 27, 2005--ZANN Corp. (OTCBB:ZANC - News) responds to stock split questions, after having announced Monday, April 25, 2005, that the Company is doing a 3:1 forward stock split of its common shares.
According to Robert C. Simpson, Chairman-CEO, "We encourage all shareholders to request their certificates where economically feasible. We have received more calls from shareholders than we are able to handle. We are taking steps to provide better investor relations (IR) service. IR is more important than ever as we emerge from the development phase to the production and distribution phase. To help alleviate confusion, we offer the following comments.
"All persons who own ZANN Corp. common stock on the Record Date of May 2, 2005, will receive a Letter of Transmittal from our transfer agent, Corporate Stock Transfer, with instructions regarding the stock split. Eligibility for receiving split shares is contingent upon being a holder of record on May 2, 2005 and upon exchange of a pre-split stock certificate for a new one that reflects that stock split."
Simpson continued, "Please email further questions and comments to ir@zanncorp.com. We ask your patience while we respond to numerous inquiries."
ABOUT ZANN CORP
ZANN Corp. has one wholly owned business unit in the production stage and three in the development stage, all with scalable technologies. We plan to acquire a fifth this year. This diverse range of high quality, high value products and services are aimed at profitable niche markets. For additional information please visit the corporate website at: www.zanncorp.com
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934 and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
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Contact:
ZANN Corp.
Investor Relations, 810-714-2978
ir@zanncorp.com
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