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SNM Global Holdings Announces Dividend
Stamford, CT - (WORLD STOCK WIRE) - November 26, 2008 -- SNM Global Holdings (OTC Pink Sheets: SNMN) announced today a common share dividend. The board of directors has approved a dividend of 1 restricted common shares for every 3 shares of SNM Global Holdings stock held and outstanding at the close of business on December 3, 2008, and will paid on the ex-dividend date on December 12, 2008. No fractional shares will be computed or issued in this transaction.
"Due to the reverse stock split, the first record date of September 29, 2008 was moved to December 3, 2008. The company has discussed this with NASDAQ and at their request the date was moved, stated Mel Rich, President of SNM Global Holdings.
All financial information filed for compliance related to this transaction will be posted on the company website as it becomes available.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release that are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause results to differ materially from those expressed in the forward-looking statements, including but not limited to certain delays and risks detailed from time to time in the company filings with the Securities and Exchange Commission.
Mel Rich; snmglobalholdings@gmail.com SNM Global Holdings
Stamford, CT 06901 USA
Phone: 203-724-4649
Source: SNM Global Holdings Note: The following press release was submitted by: SNM Global Holdings, and World Stock Wire, Inc. is not liable for the contents of this press release.
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