ZKid Network Company to Retire 30,000,000 Shares of Outstanding Common Stock
11 11월 2004 - 11:21PM
PR Newswire (US)
ZKid Network Company to Retire 30,000,000 Shares of Outstanding
Common Stock CHICAGO, Nov. 11 /PRNewswire-FirstCall/ -- ZKid
Network Company (OTC:ZKID) (BULLETIN BOARD: ZKID) has approached
its largest shareholder to retire 30,000,000 shares of common
stock. He has agreed to retire his 30,000,000 shares in exchange
for 1,000,000 shares of Series B Preferred Shares. This action
effectively reduces by 20% the outstanding float of ZKid common
shares. The ZKid Board of Directors has agreed, and will retire the
30,000,000 shares to treasury as soon as possible. This is the
second non-dilutive measure ZKid has taken this week. ZKid Network
Company CEO Donald Weisberg says, "I plan to reduce the number of
outstanding shares of ZKid stock further. I will take an aggressive
no-nonsense approach in formulating non-dilutive strategies for
ZKid. Reducing by 20% the outstanding shares of common stock is a
great second step. I am dedicated to enhancing shareholder value."
ZKid Network Company is a proprietary software company dedicated to
providing a totally safe environment for children. ZKid's software
provides safe Internet e-mail, and chatroom capabilities as well as
fully animated education/entertainment content for children ages
4-10. Subscribers can participate in a Virtual Private Network
(VPN) specifically designed to provide a totally safe environment
for children. For Investor information, contact Equitilink PR: Mr.
Ron Garner at 858-824-1940 or visit our new website at:
http://www.zkidnetwork.com/ . For further information about this
press release please see our 8K dated November 11, 2004. Safe
Harbor Provisions: Safe Harbor Act Notice...This release may
contain forward-looking statements that involve risks and
uncertainties, including without limitation, acceptance of the
Company's dependence on financing and third party suppliers, and
other risks detailed from time to time in the Company's dependence
on financing and third party suppliers, and other risks detailed
from time to time in the Company's federal fillings, annual report,
offering memorandum or prospectus. Specifications are subject to
change without notice. DATASOURCE: ZKid Network Company CONTACT:
Ron Garner of Equitilink PR, +1-858-824-1940 Web site:
http://www.zkidnetwork.com/
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