BOCA RATON, Fla., Sept. 14, 2004 (PRIMEZONE) -- American Way Homed Based Businesses (Pink Sheets:AWHB) with its continuing focus on acquiring existing businesses and increasing awareness in the market announced today that its Board of Directors has set a new effective date of September 30, 2004 for the forward stock split of the common share capital of the company. On the day the forward stock split is implemented, each shareholder will receive an additional 100 shares for every common share of AWHB they currently own. Because Hurricane Frances has left the company without power for the last 10 days at its headquarters in Boca Raton, Florida, the Company needed to extend the effective date of the forward split.
In addition to the forward split, the company will also be refocusing its operations and changing its name to American Way Business Development Corporation. The company plans that on September 30, the company will be given a new ticker symbol, CUSIP ID, name change and the forward split will be effective.
CEO Don Platten had this to say about the moves, "With the acquisitions and opportunities that have been presented to us in and outside the home-based business arena, we felt we needed to change the name to better reflect really who we are. We are excited to move forward and know the shareholders will be impressed with our efforts as well."
About American Way Home Based Businesses:
The Company focuses on acquiring existing businesses and exploring opportunities in the work-from-home market. The Company sees home-based businesses as a market ready for growth based on the recent statistics put out by the U.S. Department of Labor stating that 4.2 million Americans now work from home. For more on the Company visit http://www.smallcapvoice.com/awhb/index.html
FORWARD-LOOKING STATEMENTS
This press release includes "forward-looking statements" within the meaning of the federal securities laws. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Many factors are beyond The Company's and its subsidiaries' control. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's existing and future filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.