Navigation Links
Syndication Inc. Board of Directors Authorizes the CEO to Rescind 300 Million Shares of the Company's Common Stock to Treasury
Date:2/24/2009

DAMASCUS, Md., Feb. 24 /PRNewswire-FirstCall/ -- Syndication Inc., (Pink Sheets: SYNJ), reports that on February 25th 2009, The BOD of Syndication authorized the CEO to take the necessary steps to rescind 300 million issued and outstanding shares of the Company's Common Stock to the Treasury. The Company maintains that the action taken by the Board is one of many that embrace a comprehensive Company Capitalization Policy designed to increase equity valuation, enhance the potential for equity investment, discourage short trading activity and, most importantly foster a longer term investor attitude.

Other then the reverse split of the Company's common stock initiated last year on November 6th 2008, the Company currently has no intention or plans to do another at any time in the near future. The Company indicates that as of February 18th 2009 the estimated issued and outstanding non-restricted tradable float was just shy of 658 million shares. "The reverse split, pending Stock Dividend and stock rescission are all strategies designed to set up the capitalization structure of the Company in a way that best promotes the potential for the increased valuation of our Company's stock in the trading markets. However, and more importantly, the actions taken by the BOD are intended to reward our shareholders for their continued interest and support while establishing policy designed to encourage a longer term investment position. It is my position, depending on the results and reception of this first Stock Dividend, to recommend that the Board consider establishing policy that routinely pays a dividend of this type on a consistent and timely basis," said Sorrentino, the CEO of Syndication. The Company indicates that more news on the pending dividend, our green energy development and the Sy-Med Spinal Decompression Division is pending.

This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products, which we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets.


'/>"/>
SOURCE Syndication Inc.
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Syndication Inc. Seeks Director of Marketing for Sy-Med Decompression Centers; BOD Considers Adding a Green Energy New Company Subsidiary to its Ranks
2. CRN Announces Syndication Launch for Recovery Talk Network
3. Venezuelan Kidney Expert Joins Herbalifes Nutrition Advisory Board
4. The Hanover Insurance Group Elects Harriett Tee Taggart to Board of Directors
5. The Advisory Board Company to Simulcast Presentation at the Credit Suisse 11th Annual Global Services Conference
6. MedVance Institute Promotes John L. Hopkins to Chairman of the Board of Directors
7. Covance Elects Bradley T. Sheares to Companys Board of Directors
8. Brickson Diamond Appointed Board Chair of National Hospice Foundation
9. Mardil Inc. Appoints Medical Device Veteran Daniel A. Pelak to Its Board of Directors
10. Beth Israel Deaconess Urged to Investigate Member of Board of Overseers Who Raised Millions for Madoff
11. Ralph Alvarez Elected to Lilly Board of Directors
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/26/2016)... ... May 26, 2016 , ... Georgia State University ... specialty academic programs. , Answering to the increasing demand for curricular specializations, the ... law, and environmental and land use law. ,  , “The demand for lawyers ...
(Date:5/26/2016)... ... May 26, 2016 , ... The Woodlands at John Knox ... new model of care for living and healing, celebrated its grand opening, today. The ... a Real Home provided by Empowered Staff. , “This is an incredibly fulfilling time ...
(Date:5/26/2016)... ... May 26, 2016 , ... MadgeTech will be showcasing its line of ... Warner, New Hampshire at the MadgeTech headquarters. With products sold in more than 100 ... government agencies, including NASA. , In 2012, NASA strategically set up 17 RHTemp101A ...
(Date:5/26/2016)... ... ... An April Gallup survey found rising health care costs to be the top ... Living (SHSL) may not share those same worries thanks to a new bundled ... while holding the line on increasing their contributions, including premiums, deductibles and the portions ...
(Date:5/26/2016)... ... May 26, 2016 , ... Leadership ... solutions, today announced the organization has earned its ISO 13485 certification, indicating the ... compliant with all rules and policies associated with ISO quality standard 13485. ...
Breaking Medicine News(10 mins):
(Date:5/27/2016)... , May 27, 2016 ... the Dario™ Diabetes Management Tool, today announced that the Company,s ... the Marcum MicroCap Conference being held June 1-2 in ... Invitational, being held June 7-9 in Los Angeles, ... will discuss recent corporate and operational milestones, including the U.S. ...
(Date:5/27/2016)... Amarantus BioScience Holdings, Inc. (OTCQX: AMBS), ... Neurology and Orphan Diseases, today announced that President & CEO ... conferences: SeeThru Equity MicroCap Conference   ... City , NY When: Tuesday, May 31 st ... Where: Grand Hyatt Hotel, 109 East 42 nd ...
(Date:5/26/2016)... TARE (Transarterial Radio-embolization) Using ... and Overall Decreased Use of Hospital Resource ... specialist healthcare company, has today announced the publication ... of ISPOR (International Society for Pharmacoeconomics and Outcomes ... using yttrium-90 glass microspheres is associated with cost ...
Breaking Medicine Technology: