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AMNE Declares 5 for 1 Forward Split
On Wednesday May 6, 2009, 8:30 am EDT
NEW HAVEN, CT--(MARKET WIRE)--May 6, 2009 -- American Green Group, Inc. (Other OTC:AMNE.PK - News) announced today that it has decided to move forward with a 5 for 1 forward stock split instead of creating a Preferred Dividend.
The record date shall be June 1, 2009. All shareholders of record as of that date will be entitled to the forward split. The Company will work closely with its counsel, the transfer agent and DTC to make sure the split goes off without a hitch.
The Company would also like to go on record as saying that current management has no plans of doing a reverse split in the future as they see that counterproductive to the forward split. The Company will use funds generated from sales of Paradigm to announce future stock buy-backs.
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