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Monogram Energy Inc./Marquis Tech Holdings Announces Official Date of Forward Split for Shareholders

^{Published on 2011-07-18 07:10:25 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--Monogram Energy, Inc./Marquis Tech Holdings, Inc. (Pink Sheets: MGRN), announces that the 1.03 for 1 forward stock split (effective date Tuesday July 19, 2011) shall be payable upon surrender of old certificates. The Company elected this option for accounting purposes. CEO Saratu Phillips stated: aThis will enable the company to get a more accurate count of shares in DTC and those currently in the hands of active shareholders. We have been mulling over the idea of a possible buy back of shares in the future, and this will help us gauge the potential effectiveness of that.a

Shareholders of record on the date effected will receive additional shares in MGRN equal to 3% of their holdings in MGRN common stock at that time. Fractional shares will be rounded up in favor of the shareholder.

Prospective shareholders have until the end of market on Monday July 18th to purchase shares in order to qualify for the forward split and receive 3% additional shares.

The company would also like to point out that existing shareholders will not be able to sell their existing shares for approximately 7-10 business days depending on how fast their brokers are able to provide them with their post-split shares. The company is urging all shareholders to contact their brokers right away and request that the broker send their shares back to the transfer agent as soon as possible so that the transfer agent can issue & mail out their certificates with the new CUSIP number and the additional 3% of shares.

This will not affect shares purchased on or after the date of the forward, Tuesday July 19^th. Any shares purchased on or after the date of the forward will be able to be sold immediately and will not need to be exchanged for new shares.

Safe Harbor: This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.