FT. LAUDERDALE, Fla., Dec. 9, 2005 (PRIMEZONE) -- FSBO Media Holdings Inc. (Pink Sheets:FSMH) Pink Sheets, announced today that its Board of Directors has approved a two-for-one split of the Company's common stock. Each shareholder of record at the close of business on December 16, 2005 will receive one additional share for every outstanding share held on the record date.
According to Steve Bazsuly, Chairman of the Board and CEO, "This stock split is indicative of the stock price appreciation that the Company's Common Stock has experienced since the FSBO Media Holdings merger which was previously announced on November 4, 2005." As of September 9, 2005 the outstanding common shares issued stands at 7,564,520 of which approximately 5,800,000 shares are restricted under Rule 144.
About FSBO Media Holdings Inc
FSBO Web TV, Inc. has designed a proprietary sales program by which home owners can buy or sell their property on a full service, "Self Help Directed," flat fee commission basis through the powerful tool of FSBO Web TV's video driven web site www.fsbowebtv.com The FSBO Web TV flat or steep discounted fee sales programs range is $495-$995-$1495.
All FSBO WebTV customers will be assisted by licensed Realtors and other professionals nationwide based on the level of sales and marketing program they purchase. This "Self Help Directed" option could save the home owner thousands of dollars in real estate commissions. FSBO Web TV's proprietary sales programs provides the consumer with a choice of selling their home either with a full commission broker charging 5-7% commissions or saving thousands of dollars utilizing FSBO Web TV's "Self Help Directed" flat fee commission options.
FSBO Web TV intends to model its real estate brokerage business after the discount stock brokerage businesses that revolutionized their industry such as E-Trade, Charles Schwab & Co., T. Rowe, and many other popular consumer accepted services that have provided the "Self Help Directed" methods of buying, selling and making investment decisions on their own without paying high commissions.
About FSBO Media Holdings, Inc.
FSBO Media Holdings, Inc. utilizes conventional forms of media advertisement such as Internet, TV, print and radio. Other service providers will be able to advertise services and products through the FSBO Media Holdings network of affiliates. FSBO Media Holdings, Inc. will also seek to acquire other businesses related to the real estate industry as well as other providers of media content.
This media release may contain forward-looking statements regarding but not limited to management, market potential, distributor success, market size, international sales, and uncertainties that could materially affect actual results. Investors should refer to documents that the Company intends to file with the SEC for a description of certain factors that could change actual results. Investors should refer to factors that could cause actual results to vary from current expectations and the forward looking statements contained in this media release.