RESTON, Va., June 30, 2004 (PRIMEZONE) -- Global Explorations Inc. (Pink Sheets:GXXL) shareholders will receive a special share distribution in the Feinstein Report Inc (PinkSheets:FNRP).
"For each 10 shares of GXXL, shareholders shall receive 1 share of FNRP. The last trade of FNRP was at 1.47. The record date has not been set yet but it should be sometime in July," stated Atul Mehta, PR Manager for Global Explorations Inc.
"This is not a reverse of any sort. Everyone gets to keep all their shares of GXXL and in addition are given shares in FNRP.
"We care about our shareholders and are committed to maximizing shareholder value. We would like to reward all our shareholders. What better way to do it then to give them stock of a company that should be on the BB relatively soon.
"The dynamics of the share distribution also have to be worked out. All shares received in FNRP are restricted shares. If all regulatory conditions are met, restricted shares will become free-trading after one year," continued Atul Mehta.
About Global Explorations Inc.
Global Explorations in association with MillenniumSMS (http://www.MillenniumSms.com) develops SMS software for consumers and businesses. The company in the process of building a worldwide database of cell phone numbers which can be used as a marketing vehicle.
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.