Summus Works, Inc Confirms All Summus Works, Inc Shareholders to Receive AHDG Dividend
Released on = October 13, 2006, 8:41 am
Press Release Author = Summus Works, Inc.
Industry = Media
Press Release Summary = Summus Works, Inc. (PINKSHEETS: SMMW) confirmed that all shareholders of record as of November 1, 2006 will receive, par rata, a dividend of all (one million) shares of Atlantis Holding Corp common stock owned by the Company.
Press Release Body = Furthermore, management stated that no action is required of shareholders to receive the dividend.
The original method of the dividend\'s receipt, management explained, was specifically developed in line with the Company\'s VVV anti-abusive short selling program and had required that beneficial owners hold the shares directly in their name to receive the dividend. In response to shareholder concerns specific to their own receipt of the dividend, management last week announced that it will distribute, par rata, the Company\'s one million shares of restricted AHDG common stock to all shareholders, whether their Company shares are held in the name of beneficial owners or in \"street name\" by shareholders\' brokers or financial firms.
Management emphasized that while all shareholders will receive the dividend, and that no action whatsoever is required of shareholders to receive the dividend, it still nonetheless encourages shareholders to request their shares to be held directly in their name to contribute proactively to the anti-abusive short selling initiative.
Summus Works, Inc. (PINKSHEETS: SMMW) is a multi-media holding company with interests in outdoor sports, retail, e-tail, print, web, television and film. For more information on the company or its outdoor sports and media subsidiaries, visit www.summusworks.com.
This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Web Site = http://www.summusworks.com
Contact Details = Company Contact: Summus Works, Inc. Dan Burgess 888-607-9495 Email Contactwww.summusworks.com
Investor Relations: Stuart T. Smith 512-267-2430 Email Contactwww.smallcapvoice.com