Whistler Investment (NASDAQ:WHIS)
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Whistler Investments Inc. (WHIS), Announces a 3 for 1 Forward
Stock Split
LAS VEGAS, NV, Oct. 26 /PRNewswire-FirstCall/ -- Whistler Investments, Inc.
(OTCBB:WHIS) announced today that at a Special General Meeting of Stockholders
held on October 26, 2004, the Board of Directors received overwhelming approval
and ratification for a 3 for 1 forward split of the company's common stock. The
forward stock split will be effective on November 19, 2004. Stockholders will
be entitled to three shares of common stock for each share of Common stock held
on that date. The proposed stock split is subject to regulatory approval, and
may require the issuance of a new symbol and CUSIP number.
Holly Roseberry, President of Whistler Investments, Inc. said, "The forward
stock split is part of our ongoing efforts to improve trading liquidity,
broaden ownership and enhance shareholder value."
As previously announced on October 13, 2004 our transfer agent records show
6,014,759 shares held by DTC, but our ADP broker search shows 6,658,599 shares
being reported by broker/dealers as held on behalf of their customers, a
discrepancy and documented short position of more than 640,000 shares
pre-split; and 1,931,520 post-split.
We again advise our stockholders to ensure that they receive delivery of any
shares that they purchase, and that their stock is not being borrowed without
authorization.
About Whistler Investments, Inc.
Whistler Investments Inc. is emerging as a leader in the development and
marketing of Lithium-powered products worldwide. We believe our superior
technology, coupled with an aggressive marketing plan will establish our
company on the world stage. With the global focus moving rapidly towards
addressing pollution, the need for sustainable, zero emission energy is
immediate. As current legislation dictates a move towards this type of energy,
we foresee this industry as one of the fastest growing segments within the
global economy. Whistler and its subsidiaries are applying their superior
technology to everyday products being used around the world. Everything from
scooters, bicycles, mopeds, motorcycles, small vehicles, watercraft, military
applications and many other essential products have been converted to Lithium
applications. The combination of our exciting technology and ability to
mass-market these products, creates a unique market niche for our Company. By
utilizing this technology, Whistler is able to begin the sales cycle
immediately.
For additional information, please contact:
Telephone - (888) 669-1808
Facsimile - (604) 688-1817
E-mail:
Forward-Looking Statement
This press release may include forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. These statements are based on the Company's current
expectations as to future events. However, the forward-looking events and
circumstances discussed in this press release might not occur, and actual
results could differ materially from those anticipated or implied in the
forward-looking statements.
DATASOURCE: Whistler Investments, Inc.
CONTACT: Telephone, (888) 669-1808, Facsimile, (604) 688-1817,
E-mail: