The Marketing Alliance Declares 10% Stock Dividend
01 June 2011 - 10:30PM
Business Wire
The Marketing Alliance, Inc. (OTC: MAAL) (“TMA”), a
provider of services and distributor of products to independent
insurance agencies throughout the United States, today announced
that its Board of Directors has declared a 10% stock dividend on
shares of its common stock, payable on July 15, 2011, to
shareholders of record on June 15, 2011.
As a result of the stock dividend, each shareholder will receive
one new share of TMA’s common stock for every 10 shares of common
stock they hold as of the record date. When applicable, fractional
shares will be issued. As a result of the 10% stock dividend, the
outstanding shares of the Company's common stock will increase by
190,157.80 shares, from 1,901,578 shares outstanding to
2,091,735.80 shares outstanding.
TMA stock is quoted on the OTC Markets
(http://www.otcmarkets.com) under the symbol “MAAL”.
TMA’s transfer agent is American Stock Transfer & Trust
Company, LLC, 6201 15th Avenue, Brooklyn, New York, 11219, and can
be reached at (718) 921-8293.
About The Marketing Alliance, Inc.
Headquartered in St. Louis, MO, TMA is one of the largest
organizations providing support to independent insurance brokerage
agencies, with a goal of providing members value-added services on
a more efficient basis than they can achieve individually. Investor
information can be accessed through the shareholder section of
TMA’s website at
http://www.themarketingalliance.com/si_who.cfm.
Forward Looking Statement
Investors are cautioned that forward-looking statements involve
risks and uncertainties that may affect TMA's business and
prospects. Any forward-looking statements contained in this press
release represent our estimates only as of the date hereof, or as
of such earlier dates as are indicated, and should not be relied
upon as representing our estimates as of any subsequent date. These
statements involve a number of risks and uncertainties, including,
but not limited to, general changes in economic conditions. While
we may elect to update forward-looking statements at some point in
the future, we specifically disclaim any obligation to do so.
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