NEW YORK--(BUSINESS WIRE)--AV1 Group, Inc. (Pink Sheets: AVOP), a Company currently gearing up for Microlending and Pawn Shop operations in Mexico, announces today that it has authorized a 1.03 for 1 forward stock split of the Company's common shares. The appropriate paperwork was filed with FINRA on June 29, 2011.
AV1 Group’s CEO Moussa Traore stated: “This is yet another step the company is taking to reward our loyal shareholders. These past few months, we have been focused intensely on carrying out initiatives which adhere to our long term strategy. We feel that we have made significant progress and are confident that we are on track to maximizing our influence in the Mexican economy for years to come.”
The forward split with a record date on or about Monday, July 11, 2011. Shareholders of record on the date effected will receive additional shares in AVOP equal to 3% of their holdings in AVOP common stock at that time. Fractional shares will be rounded up in favor of the shareholder.
Safe Harbor: This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.