CybeRelease: (OTC: RCAU) Declares 2 for 1 Stock Split
( CybeRelease, July 12, 2007 ) – Lake Harmony, Pa. - Rocket City Automotive Group, Inc. (OTC PK: RCAU), announced that its Board of Directors has authorized a payment of a common stock dividend. All shareholders on record as of August 1, 2007 will be issued one (1) additional share of common stock for every common share held.
Subject to the approval of an effective date by the NASDAQ, the aforementioned stock dividend will be paid and become effective on August 3, 2007. The payment of the dividend will not require an increase in the total number of authorized shares of common stock nor is there a need for an exchange of certificates. RCAU will retain its current trading symbol and continue on course with intended business.
“The Rocket City organization continues to grow at a tremendous rate. As we presently occupy a position of strength within the industry and in the public marketplace, we have elected to implement the described stock split to increase investor interest as well as improve stock liquidity. We are excited about the progress of the overall organization and feel that we have only seen the beginning to what we believe to be a successful and rewarding future for both RCAU and its supporting shareholders,” stated Jeff Roman, CEO of Rocket City Automotive Grou
To read the complete release, go to http://biz.yahoo.com/bw/070711/20070711006000.html?.v=1
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