TidalWave Holdings, Inc. Announces 5-for-1 Forward Split Dec 4, 2007 4:26:00 PM
TALLAHASSEE, FL -- (MARKET WIRE) -- 12/04/07 -- TidalWave Holdings, Inc. (PINKSHEETS: TDWV), a publicly held holding company, today announced that the company intends to file with the NASD to implement a 5-for-1 forward split of its common shares.
TidalWave shareholders as of the record date will receive approximately 5 shares of common stock for each current share they own. For example, shareholders owning 5,000 shares prior to the stock split will own 25,000 shares following the split. No action should be required on the part of shareholders who own shares held in brokerage accounts to receive the additional shares.
The company believes this action will increase the amount of liquidity in the public market and help expand the company's shareholder base. The official record date and payment date will be announced in a subsequent release as the exact dates become available.
Safe Harbor for Forward-Looking Statements
Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in the future periods to differ materially from forecasted results.
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Thanks for the tip.Just put in a buy and it took 2 seconds to execute.It looks like the forward split is to help those that have shares while doing a reverse merger to a company that can provide an income stream.Chinese companies have been doing this alot in recent years to further their businesses.I hope this is the case.
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Ask thinning pure buys coming in now looking very good here anything under .002 is like pure gift.
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TidalWave Holdings, Inc. Announces Acquisition of FCC Media Properties TidalWave Holdings, Inc. (PINKSHEETS: TDWV), a publicly held holding company, today announced that the company has executed an asset purchase agreement to acquire two FCC Licensed Television broadcast media properties serving the Northwest Florida panhandle.
The media properties consist of two independent television stations serving major tourist destinations along the Florida Gulf Coast, including Panama City, Callaway, Lynn Haven and Panama City Beach. The service areas also cover smaller cities with strong tourist attractions such as Ebro, Mexico Beach, Laguna Beach, as well as Tyndall Air Force Base. One of the stations currently holds an FCC license to broadcast HD Digital content, and the company intends to utilize this broadcast technology in the future.
Panama City, Florida and the surrounding Gulf Coast area is already a popular nationally recognized tourist destination. The company believes that this region is a burgeoning market, as evidenced by the new estimated $331 Million international airport currently being constructed in Bay County (county of Panama City). The addition of this major airport should continue to increase both tourism and residential population, which in turn, is expected to increase the asset value of these stations over time. In its November 2006 issue, CNN's Business 2.0 Magazine named Panama City, Florida as the top US city for real estate growth.
Shareholders are to be advised that the acquisitions are fully contingent upon FCC approval which has not been granted at the time of this release. The company cannot guarantee that the FCC will grant consent, although we are currently unaware of any factors which would preclude the FCC from issuing consent. Additional details will be forthcoming pending the FCC's consent to allow TidalWave Holdings, Inc. to complete the acquisitions.
Safe Harbor for Forward-Looking Statements
Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in the future periods to differ materially from forecasted results.
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