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Article Excerpt M2 PRESSWIRE-2 November 2009-www.StockMarketingInc.com: Hot Stock Alert!! OTCBB: SNWT - San West, Inc.) (NASDAQ: UNDT - Universal Detection Technology) (OTCBB: TNUS - Total Nutraceutical Solutions) (OTCBB: NTMI - NT Media Corp. of California, Inc.) (OTCBB: AVOE - Avro Energy, Inc.) (OTCBB: TGLN - TBC Global News Network, Inc.) Our Members Knew First!!(C)1994-2009 M2 COMMUNICATIONS
RDATE:02112009
STOCK MARKETING INC PRESENTS :
(OTCBB: SNWT - San West, Inc.)
(NASDAQ: UNDT - Universal Detection Technology)
(OTCBB: TNUS - Total Nutraceutical Solutions)
(OTCBB: NTMI - NT Media Corp. of California, Inc.)
(OTCBB: AVOE - Avro Energy, Inc.)
(OTCBB: TGLN - TBC Global News Network, Inc.)
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(OTCBB: SNWT - San West, Inc.)
LATEST NEWS!!
San West, Inc. Postpones Upcoming Forward Stock Split
SAN DIEGO, CA, Oct 30, 2009 -- San West, Inc. (OTCBB: SNWT), a Company that designs, manufacturers, sells and repairs off-road vehicles, apparel and accessories, issues update regarding upcoming 5 for 1 forward stock split.
"Due to a delay caused by communication problems between FINRA and a third party in satisfying all regulatory requirements with respect to our proposed five for one forward split which was scheduled to occur on November 2, San West has decided to postpone the effective date of the proposed split until all regulatory requirements have been met. San West notified FINRA of its intent with respect to the proposed forward split on October 9, but was not notified by FINRA of a problem until the afternoon of October 27. As soon as San West became aware of the problem, it took immediate steps to provide all needed information. San West will notify its shareholders of the 'ex-date' of the forward split as soon as possible. The 'ex-date' is defined as the day before which an investor must have purchased the company's stock in order to receive the additional shares. If you purchase a stock on the 'ex-date' for a split or distribution you are not entitled to the split stock or that distribution. However, the opening price for the stock will have been reduced by an appropriate amount, as on the ex-dividend date. Weekly financial publications, such as Barron's, often include a stock's upcoming 'ex-date' as part of their stock tables. San West will notify its shareholders of the effective date of the forward split as soon as possible."
The company hopes to have all matters cleared by FINRA early next week.
About San West, Inc.
San West designs, manufacturers, sells and repairs off-road buggies, and additionally provides aftermarket performance products and accessories for off-road buggies. Products are...
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