ANDN 40 to 1 FORWARD SPLIT -------------------------------------------------------------------------------- PROPOSAL NO. 1: AMENDMENT OF ARTICLES OF INCORPORATION NAME CHANGE The stockholders holding a majority of the common stock have approved an amendment to Article 1 of the Company's Articles of Incorporation to change the name of the Company to Ever-Glory International Group, Inc. The amendment will be filed with an effective date with the Florida Secretary of State no less than twenty days after the mailing of the Information Statement. http://www.etexpo.com/ProductList.a...4318&HallId=170 FORWARD STOCK SPLIT The stockholders holding a majority of the common stock have approved a 40-for-1 forward stock split of the common stock. The record date, ex-dividend date and the payment date will be determined. In general, persons who own shares of common stock or have purchased shares by the close of business on the ex-dividend date will receive 39 new shares of common stock for each share owned as of the close of business on the ex-dividend date. The Company will issue a press release with respect to the record, ex-dividend and payment dates. With respect to shares held in brokerage accounts, shareholders’ accounts should be credited with the stock split or about the payment date. Each shareholder should consult its own tax advisor with respect to the tax effects of the forward stock split, but the Company’s understanding of the United States federal tax law is that the receipt of the stock dividend shares is not a taxable event for purposes of US federal income tax laws FULL FILING http://www.pinksheets.com/quote/pri...55C&symbol=ANDN |
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