DENVER, Pa., Oct. 12, 2011 (GLOBE NEWSWIRE) -- Codima Inc. (OTCBB:CDMA), announces that the 1.1 for 1 forward stock split (effective date Thursday October 13, 2011) shall be payable upon surrender of old certificates.
This corporate action will take effect at the open of business 10/13/11. The symbol on this date will be CDMAD. The "D" will be removed 20 business days from tomorrow back to symbol CDMA.
Shareholders who purchased their shares on or before the record date of October 5, 2011 will qualify for the forward split and will receive 10% additional shares.
Existing shareholders will not be able to sell their existing shares for approximately two weeks, after the effective date, depending on how fast their brokers are able to provide them with their post-split shares. The company is urging all shareholders to contact their brokers right away and request that the broker send their shares back to the transfer agent as soon as possible so that the transfer agent can issue & mail out their certificates with the new CUSIP number and the additional 10% of shares.
This will not affect shares purchased on or after the date of the forward, Thursday October 13th. Any shares purchased on or after the date of the forward will be able to be sold immediately and will not need to be exchanged for new shares.
Cautionary Note Regarding Forward-Looking Statements:
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including but not limited to statements regarding the Company's beliefs and expectations about the performance and benefits of its technology; marketing and commercialization activities; and our beliefs regarding research and development efforts. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ. All forward-looking statements herein are based on information available to us as of the date hereof, and we undertake no obligation to update forward-looking statements to reflect events or circumstances occurring after this date.
ABOUT CODIMA INC.
Codima Inc. (CDMA), headquartered in PA with global reach supported by eleven offices across North America, EMEA, Latin America, Asia and Australia, provides best practice software tools to help organizations manage their IT networks. Fully automated and fully integrated, Codima Toolbox delivers tools for network inventory, mapping and monitoring using Microsoft® Office Visio® as well as pre- and post-deployment VoIP management. Codima Green, the environmental division, specializes in recycling end-of-life electronics. Codima is a Microsoft Certified Partner, an Avaya DevConnect Gold Partner and a Cisco IBLM Partner.www.codimatech.com