ZKid Network Company Names New CEO, Slashes 300 Million Shares

Share Name	Share Symbol	Market	Type
Zkid Network Co (MM)	NASDAQ:ZKID	NASDAQ	Common Stock

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Zkid Network Co (MM)

NASDAQ:ZKID

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ZKid Network Company Names New CEO, Slashes 300 Million Shares

08/11/2004 2:07pm

PR Newswire (US)

Zkid Network (NASDAQ:ZKID)
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ZKid Network Company Names New CEO, Slashes 300 Million Shares CHICAGO, Nov. 8 /PRNewswire-FirstCall/ -- ZKid Network Company (OTC Bulletin Board: ZKID) has named Donald Weisberg, CEO. Mr. Weisberg had previously been president of ZKid Network Company. Mr. Weisberg at the direction of the board of directors immediately approved the reduction of capital in ZKid, which would reduce the current authorized available issue of stock from 500 million to 200 million shares. Final approval shall be by vote of shareholders by majority. Donald Weisberg, CEO of ZKid Network Company says, "It is a privilege to be named CEO of ZKid and as a founding member of the Company I look forward to bringing back shareholder value by reducing authorized capital, encouraging the retirement of outstanding shares and marketing the extraordinary suite of ZKid products. The purpose of reducing capital and the number of authorized shares by 60%, secures the fact that an onerous number of common shares will not be distributed. The ultimate goal of the retirement of shares will be to return as many as 30 million shares to treasury, which is an amount two times greater than our past dividend. This will reduce the number of outstanding shares by almost 20%. The marketing of ZKid products will be energized by marketing relationships which will be announced in the near future as final contracts are being approved." "The time is now to bring ZKid to national prominence and make child security and safety on the Internet something every parent can count on from ZKid Network Company". ZKid Network Company is a proprietary software company dedicated to providing a totally safe environment for children. ZKid's software provides safe Internet, e-mail, and chatroom capabilities as well as fully animated education/entertainment content for children ages 4-10. Subscribers can participate in a Virtual Private Network (VPN) specifically designed to provide a totally safe environment for children. For Investor information, contact Equitilink PR: Mr. Ron Garner at 858-824-1940 or visit our new website at: http://www.zkidnetwork.com/ . Safe Harbor Provisions: Safe Harbor Act Notice...This release may contain forward looking statements that involve risks and uncertainties, including without limitation, acceptance of the Company's dependence on financing and third party suppliers, and other risks detailed from time to time in the Company's dependence on financing and third party suppliers, and other risks detailed from time to time in the Company's federal fillings, annual report, offering memorandum or prospectus. Specifications are subject to change without notice. DATASOURCE: ZKid Network Company CONTACT: Ron Garner of Equitilink for ZKid Network Company, +1-858-824-1940 Web site: http://www.zkidnetwork.com/

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ZKID Zkid Network Co (MM)