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LAS VEGAS, NV -- (MARKET WIRE) -- 05/17/05 -- Jupiter Global Holdings, Corp. ("JUPITER" or the "Company") (OTC BB: JPHCE) today announces plans to declare the spin off details and the stock dividend record date of Promo Staffing (www.promobusiness.com) on or about June 17, 2005.
Today's announcement is in continuation of the Company's previous announcement of the commencement of implementing plans to spin off Promo Staffing as a separate public company and provide JUPITER shareholders with a stock dividend in Promo Staffing stock. This timeline is an effort for JUPITER to move rapidly to execute the necessary tasks to provide Promo Staffing with the most opportune environment to secure the capital it requires to implement its business plan. Management believes solidifying the spin off timeline and the stock dividend to JUPITER shareholders is a win-win for all involved.
The declaration date referred to above is expected to be finalized and announced after the Company files Promo Staffing's audited financial statements.
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quote:Originally posted by corndo: Q: No experience with dividends: what date does this stock have to be our possession?
I think the date is to be determined. It is possible that they say "as of" with a date that has already passed. I bought yesterday (date of the PR) to cover.
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I'm also a bag holder from the last run, in at .003. I wish I would've waited, this is going to be a great entry point. Up today and into tomorrow would be my guess. JMO Good luck.
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