KAMLOOPS, British Columbia, Nov. 18, 2004 (PRIMEZONE) -- Global Explorations Inc. (Pink Sheets:GXXL) would like to forward split its stock once the price of Global Explorations Inc. reaches 5 cents per share.
In preparation for this, the company has increased its authorized number of shares. Global Explorations will also announce the number of outstanding shares soon. The company is in possession of a large number of share certificates that have been returned due to an incorrect mailing address. Once this issue is resolved, Global shall announce the outstanding shares. The company wants to provide the most accurate information to its shareholders.
Global Explorations strongly believes in increasing liquidity in the marketplace. This is why the company prefers forward splits from time to time.
Global is deeply concerned about Naked Short Selling in its stock. The company is discussing legal options and will decide very shortly if legal action is required against market makers.
Information about Naked Short Selling is available at the link below:
http://www.thebullandbear.com/articles/2004/0304-geist.html
Global is striving to increase shareholder value.
CAUTIONARY STATEMENT: This news release may include forward-looking statements within the meaning of Section 21E of the United States Securities Exchange Act as amended, and/or the U.S. Private Securities Litigation Reform Act of 1995. All statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements that involve various risks and uncertainties. All forward-looking statements in this release are expressly qualified by this notice.