LAS VEGAS, Jan. 29, 2013 (GLOBE NEWSWIRE) -- Zippy Bags, Inc. (OTCBB:ZPPB), a specialty hybrid sporting goods bag manufacturing company, today announced the record date for the previously announced 2 for 1 stock dividend.
The Company filed the 10 day corporate action notification with FINRA and has requested the record date for the corporate action to be February 12, 2013. Because the stock dividend was greater than 25%, FINRA requested the corporate action be submitted as a Forward Split. Each shareholder of record at the close of business on February 12, 2013 will receive two shares for every one outstanding share held on the record date.
The Company has also requested to FINRA that the payment date be February 19, 2013 and the ex-date be February 20, 2013. The ex-date is the first business day after the payment date and is after the record date.
All of the requested dates are subject to FINRA approval.
This corporate action does not reduce the market capitalization of the Company. The Forward Stock Split will increase the outstanding shares from 91,250,000 shares to 182,500,000 shares. To find out more about Zippy Bags, Inc. (ZPPB), visit the Company's website at:
Safe Harbor Disclaimer
This material includes forward-looking statements based on management's Current reasonable business expectations. In this document, the words "can," "anticipates," "believes" and similar expressions identify certain forward-looking statements. These statements are made in reliance on the Private Securities Litigation Reform Act, Section 27A of the Securities Act of 1933, as amended. There are numerous risks and uncertainties that could result in actual results differing materially from expected outcomes. The material should be read in conjunction with the Company's current annual and quarterly reports filed with the SEC, which contain discussions of currently known factors that could significantly impact the Company's future.
Zippy Bag's Inc. Janet Somsen 888-890-5692