FORT LAUDERDALE, Fla., Dec. 29, 2005 (PRIMEZONE) -- FSBO Media Holdings Inc. (Pink Sheets:FSMH) announced that its Board of Directors has approved a two-for-one split of the Company's common stock. Each shareholder of record at the close of business on January 12, 2006, will receive one additional share for every outstanding share held on the record date. This news release clarifies and supercedes the December 9, 2005, announcement. The extension of the record date will allow the NASD as well as the Company's transfer agent the time to process the paper work and shareholder notifications for the stock split transaction. All newly issued shares should be in the shareholders possession by January 30, 2006.
David Langle, FSBO Media's CFO said, "The 2:1 forward stock split for FSBO Media Holdings Inc. will be issued as free trading shares for stockholders who hold free trading shares, and restricted for those stockholders who hold restricted shares, as of the record date of January 12, 2006." He also commented, "All shareholders that have free trading shares in their brokerage accounts will be credited automatically by the transfer agent and those shareholders of restricted shares will have their stock sent to them directly from the transfer agent."
About FSBO Media Holdings, Inc.
FSBO Web TV, Inc. has designed a proprietary sales program by which home owners can buy or sell their property on a full service, "Self Help Directed," flat fee commission basis through the powerful tool of FSBO Web TV's video driven web site www.fsbowebtv.com. The FSBO Web TV flat or steep discounted fee sales programs range is $495-$995-$1495.
All FSBO WebTV customers will be assisted by licensed Realtors and other professionals nationwide based on the level of sales and marketing program they purchase. This "Self Help Directed" option could save the home owner thousands of dollars in real estate commissions. FSBO Web TV's proprietary sales programs provides the consumer with a choice of selling their home either with a full commission broker charging 5-7% commissions or saving thousands of dollars utilizing FSBO Web TV's "Self Help Directed" flat fee commission options.
FSBO Web TV intends to model its real estate brokerage business after the discount stock brokerage businesses that revolutionized their industry such as E-Trade NYSE, Charles Schwab & Co, and T. Rowe, and many other popular consumer accepted services that have provided the "Self Help Directed" methods of buying, selling and making investment decisions on their own without paying high commissions. The Company is unaware of any other publicly traded companies focused exclusively on this emerging market.
About FSBO Media Holdings, Inc.
FSBO Media Holdings, Inc. utilizes conventional forms of media advertisement such as Internet, TV, print and radio. Other service providers will be able to advertise services and products through the FSBO Media Holdings network of affiliates. FSBO Media Holdings, Inc. will also seek to acquire other businesses related to the real estate industry as well as other providers of media content.
This media release may contain forward-looking statements regarding but not limited to management, market potential, distributor success, market size, international sales, and uncertainties that could materially affect actual results. Investors should refer to documents that the Company intends to file with the SEC for a description of certain factors that could change actual results. Investors should refer to factors that could cause actual results to vary from current expectations and the forward looking statements contained in this media release.