NASHUA, N.H., Jan. 3, 2014 (GLOBE NEWSWIRE) -- SMTP, Inc. (SMTPD), a global provider of email delivery services, announced that its common stock is now trading on the OTCQB on a reverse stock split adjusted basis with the new CUSIP number of 784589 202 and it will trade on the OTCQB with a "D" added to the symbol (SMTPD) for 20 trading days, which began December 27, 2013, to designate that it is trading on a post-reverse split basis. The stock will resume trading under the symbol "SMTP" on January 28, 2014 after the 20-trading day period has expired.
SMTP previously filed a Certificate of Amendment to its Certificate of Incorporation with the Secretary of State of the State of Delaware to effect a 1-for-5 reverse stock split of its common stock that became effective at 5:00 p.m. EST on December 26, 2013.
SMTP's dividend policy remains unchanged. The company will continue to return cash to shareholders through regular quarterly dividend payments, and it intends to continue to pay out similar total dividends moving forward, adjusting the per share amount to reflect the company's recent stock split. The company's most recent quarterly dividend of $.024 per share, adjusted for the reverse stock split, would have been $0.12 per share.
SMTP, Inc. is a dividend-paying, publicly-traded company headquartered in Nashua, NH, and can be found on the web at http://www.smtp.com.
About SMTP, Inc.
SMTP is a leading provider of services to facilitate email delivery, with a focus on marketing email delivery, but also supporting bulk and transactional sending, reputation management, compliance auditing, abuse processing and issue resolution. Our services provide customers with the ability to increase the deliverability of email with less time, cost and complexity than handling it themselves.
Safe Harbor Statement
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continues," "estimates," "projects," "intends," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing new customer offerings, changes in customer order patterns, changes in customer offering mix, continued success in technological advances and delivering technological innovations, delays due to issues with outsourced service providers, and various other factors beyond the Company's control.