Syndication Inc. Declares Combo Stock Dividend; 1.25% SYNJ.PK & 25% of BEEN.PK Holdings; Record Date of March 31st 2011
16 February 2011 - 12:52AM
Syndication Inc., (Pink Sheets:SYNJ), Board Declares a Combination
Restricted Common Stock Dividend. The RECORD DATE of the dividend
will be March 31st, 2011. The Company advises shareholders to
contact their brokerage house to determine their individual X
Dividend Date. Normally 3-4 days prior to the Record Date, the X
Dividend date can fluctuate between houses for a myriad of reasons
and shareholders must own Syndication Stock on the X Dividend Date
in order to avail themselves of the issuance. The issuance will
include a 1.25% Restricted Common Stock Dividend of the Company's
.0001 Par value Common and a 25% distribution of the Company's 10%
holdings in Better Environment Concepts Inc., (Pink Sheets:BEEN)
trading on the Pink Sheets OTCBB.
It was further resolved by the Board that the Company will
adhere to a strict dividend issuance schedule and authorized the
CEO to begin the process of releasing the same dividend for
the 2nd Quarter 2011 with a "Declaration Date" on or about April
2nd 2011. The Board also took further steps to enhance the
Company's Dividend program by creating an affordable service that
would enable our shareholders to have the restrictive legends on
their dividend shares lifted. It is anticipated that the charge for
the service will be approximately $50.00. The Board expects to
launch the service in coordination with our transfer agent within
the next week.
"The dividend policy of the Company is designed to increase
equity valuation, enhance the potential for equity investment,
discourage short trading activity and, most importantly foster a
longer term investor attitude. As the growth in valuation of the
Company becomes realized the dividends will become a strong
attraction to new shareholders. I also recognize that our dividend
policy is problematic to market makers holding short positions in
our stock and I feel sure that this dividend issuance will cause
real attention demands. However, I will not deny dividends to our
shareholders because the ability of market makers trading our stock
for the purpose of their own self profit becomes complicated," said
the CEO of Syndication Inc.
The Board remains resolute to the execution of our business plan
and the belief in our future. We believe that the dividends play an
important role in the long term development of our stock valuation.
In our opinion, they will become valuable both monetarily and as a
recognized function of our Company culture. The pursuit of the
alternative energy market is still in its embryonic stage and South
Carolina is one of its frontiers. The State is poor and starving
for corporate capital investment. We have cash and have closed on
an additional million dollar investment. South Carolina is
aggressively courting Syndication/SRE S.C. as a player in their
business community. We are using their economic dearth as leverage
to convert our business plan from chalk board to practical
application. An interesting revelation fostered by the task is that
it can be done much cheaper than originally anticipated and the
opportunity for profits is far greater than originally forecasted.
Over the next couple of days and weeks the Company expects to
release details on the Lake City S.C. warehouse purchase and the
status of the required roof replacement, legal issues related to
the $5 million dollar loan escrow and the 2 Consulting Agreements
with Better Environment Concepts Inc., (the Capital Market and
Acquisition Structure Agreement and the SRE S.C. Inc., Plant
Operations Oversight Agreement). News 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.
CONTACT: Syndication Inc.
Brian Sorrentino
Phone # 888-422-5515
Syndicationinc.net
For all mail correspondence;
Box 503, Damascus, MD 20872
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