Wineco Prod (CE) (USOTC:WNCP)
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Split Will Increase Market Liquidity and Shareholder Value
SUNRISE, Fla., July 27 /PRNewswire-FirstCall/ -- Wineco Productions Inc. (OTC:WNCP) announced that its Board of Directors and majority shareholders have approved a 15 for 1 forward stock split of the Company's common stock. Each shareholder of record at the close of business on August 3, 2006, will receive 14 additional shares for every outstanding share held on the record date. The shares will be mailed on August 9, 2006. The execution date will be August 10, 2006.
The forward stock split 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 August 3, 2006. 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 Wineco Productions Inc.
Wineco is in the process of acquiring mining properties that show recoverable "Nobel Metals." The various properties are for the most part, mines that have been worked in earlier times. Working these mines has left tons of "Tailings" that contain valuable material. The company will process the material that has already been mined and that material is referred to as "Tailings." These tailings yield better extraction of Noble Metals through advanced equipment. http://www.winecoproductions.com/
Wineco recently announced that it has completed negotiations and has acquired the mine tailing from World Wide Consulting. The tailings consist of approximately 1 million tons and are very prolific in platinates. World Wide Consulting is the first of 5 companies that Wineco is in negotiations with. All companies have shown excellent results in their tailings. Wineco has proven its test in chemical extraction of platinum in addition to its previously proven micron gold extraction process.
This media release may contain forward-looking statements regarding but not limited to management, market potential, distributor success, market size, international sales, including statements regarding the intent, belief or current expectations of Wineco Productions Inc. 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.
Contact:
Wineco Productions Inc
James Logan President
954 575-7296 or 954 316-1326
DATASOURCE: Wineco Productions Inc.
CONTACT: James Logan President of Wineco Productions Inc.,
+1-954-575-7296, or +1-954-316-1326
Web site: http://www.winecoproductions.com/