Bassline Productions Announces 3 for 1 Forward Stock Split
02 August 2013 - 10:30PM
Marketwired
HUNTINGTON BEACH,
CA--(Marketwired - August 02, 2013) - Bassline
Productions, Inc. (OTCBB: BSSP), a technology company focused
on investing in, developing and marketing emerging Internet and
mobile technologies, today announced that it has filed a
Certificate of Amendment to its Articles of Incorporation to effect
a 3 for 1 forward stock split of its common stock, effective on
August 5, 2013.
At the effective time of the forward stock split, each owner of
1 share of the Company's issued and outstanding common stock will
receive a dividend of 2 additional shares of common stock, without
any change in par value par share. The dividend will affect all
shares of the Company's common stock outstanding immediately prior
to the effective time of the forward stock split. No fractional
shares will be issued as a result of the dividend. The Company's
common stock will begin trading on the OTC QB on a split-adjusted
basis when the market opens on Monday, August 5, 2013.
The forward stock split will increase the number of shares of
common stock issued and outstanding to approximately 75 million.
Total authorized shares will remain at 100 million.
"We believe that the forward stock split is an important step to
improving our equity structure," said Tamio Stehrenberger, CEO of
Bassline. "In combination with our operating plan, this should
benefit our shareholders. We are executing this stock split from a
position of strength and believe that it will increase investor
interest, improve stock performance and liquidity, enabling a
broader base of growth-oriented investors to participate in our
company, and improving our ability to drive growth."
West Coast Stock Transfer is acting as exchange agent and
transfer agent for the forward stock split. West Coast Stock
Transfer will be mailing the dividend shares directly to
shareholders and will provide any instructions to stockholders
necessary regarding the process for receiving additional shares.
Additional information regarding the forward stock split can be
found in the Company's Form 8-K filed with the Securities and
Exchange Commission on May 10, 2013.
About Bassline
Productions:Based in Huntington Beach, California, Bassline
Productions, Inc. aims to repurpose goods by developing innovative
technologies for the hi-tech, collaborative consumption generation.
For more information about Bassline or any of its online
businesses, visit www.BSSPInc.com, www.MatchTrade.com or
www.OnTheCurb.com.
Forward-Looking Statements
This release contains forward-looking statements, including,
without limitation, statements concerning our business and possible
or assumed future results of operations. Our actual results could
differ materially from those anticipated in the forward-looking
statements for many reasons including: our ability to continue as a
going concern, adverse economic changes affecting markets we serve;
competition in our markets and industry segments; our timing and
the profitability of entering new markets; greater than expected
costs, customer acceptance of our products or difficulties related
to our integration of the businesses we may acquire; and other
risks and uncertainties as may be detailed from time to time in our
public announcements and SEC filings. Although we believe the
expectations reflected in the forward-looking statements are
reasonable, they relate only to events as of the date on which the
statements are made, and our future results, levels of activity,
performance or achievements may not meet these expectations. We do
not intend to update any of the forward-looking statements after
the date of this document to conform these statements to actual
results or to changes in our expectations, except as required by
law. There is no assurance that a definitive agreement will be
completed.
Contact: Tamio Stehrenberger Tamio@bsspinc.com P.
714.907.1241
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