ST. GEORGE, Utah, Oct. 16, 2006 (PRIMEZONE) -- Ideal Financial Solutions, Inc. (Pink Sheets:IFSL) announced today that the Company has increased its Authorized Share Capital and has filed Notice with the NASD for the completion of the 8 for 1 forward stock split of the Company's stock.
Each shareholder of record at the close of business on October 16, 2006 will receive seven (7) additional shares for every outstanding share held as of the date thereof. The payment date for the additional shares will be October 17, 2006, with distribution of the new shares to occur on or about October 18, 2006.
For more information on IFSL and its projects visit our website at www.idealfsi.com.
This announcement is subject to change that may be required by NASDAQ and is outside the Company's control. Should such changes be required the Company will immediately release the new information. The statements in this press release are not forward looking. Anyone considering IFSL common share ownership should first understand the company.