News Update - Muscle Warfare International, Inc (OTC:
MWAR) - January 7th, 2014
Major Shareholder of Muscle Warfare International Retires 104,176,805
Million Shares
Sets a New Record Date for Common Stock Dividend to its
ShareholdersWELLINGTON, Florida - (January 7, 2014) – Muscle
Warfare International, Inc (OTC: MWAR) today announced that its Board of
Directors has approved the retirement of 104,176,805 million common shares to
the Treasury and have set a new record date of January 7, 2014 for the dividend
of its common stock to its shareholders.
The retirement of the common shares gives us a total of 35,525,631 million
outstanding shares prior to the stock dividend. As soon as, the dividend shares
are issued we will update the share structure on OTC Markets.
All shareholders of MWAR owning common shares on the record date of January 7,
2014 shall receive two (2) shares of MWAR common stock for every share held by
such a shareholder. For example, if a shareholder owns 10,000 shares of MWAR
common stock at the close of business on January 7, 2014 that shareholder shall
receive 20,000 additional shares of MWAR common stock.
MWAR management stated that the Board approved this stock dividend to reward the
loyalty and patience the shareholders have shown as the Company has developed
its business plan from concept to operations.
The dividend common shares will be "restricted" as defined in the Securities Act
of 1933. Rule 144 allows for the public resale of restricted securities only if
certain holding period and other conditions are satisfied. The start date for
the holding period for the dividend shares shall be the record date of January
7, 2014.
Per FINRA requirements for market transparency, the Company is required to
provide notice to and receive acceptance from FINRA prior to the actual
distribution of the dividend. Pending any unforeseen delays from FINRA, the
Company plans to have the aforementioned stock dividend paid and distributed
within three to four days. 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.
As soon as, FINRA approves the stock dividend, MWAR shall have the transfer
agent print new share certificates, and begin sending them out to shareholders.
This process may take 3-4 days prior to shareholder receiving the new shares, if
the shareholder has a new mailing address please send an e-mail with certificate
holders name and new address, do not call to give new address.
About Muscle Warfare International, Inc
(MWAR) Founded in 1985 and headquartered in Wellington, Florida, United States,
our business model is to research, evaluate, and acquire profitable private
firms in the business segments of sports nutrition, energy, and business
services for the benefit of our shareholders. By providing the financial and
human capital necessary to deal with the overwhelming administrative, planning,
governance, compliance, and regulatory issues that abound, our partners can
focus their energy and flourish.
Stay up-to-date with current events by joining Muscle Warfare International,
Inc. E-Mail Alert List. Join by going to the following: info@mwar.biz
FORWARD-LOOKING STATEMENT: This press release contains forward-looking
statements, including expected industry patterns and other financial and
business results that involve known and unknown risks, uncertainties and other
factors that may cause our actual results, levels of activity, performance or
achievements to differ materially from results expressed or implied by this
press release. Such risk factors include, among others: the sustainability of
recent growth rates in the holding industry; the positioning of Muscle Warfare
International, Inc. in the market; ability to integrate acquired companies and
technology; ability to retain key employees; ability to successfully combine
product offerings and customer acceptance of combined products; general market
conditions, fluctuations in currency exchange rates, changes to operating
systems and product strategy by vendors of operating systems; and whether Muscle
Warfare International, Inc. can successfully gain market acceptance. Actual
results may differ materially from those contained in the forward-looking
statements in this press release.
Investor Contact Information:
Freebird USA, Inc.
Phone: (888) 391-9459
Fax: (888) 391-9353
Email: info@mwar.biz
SOURCE: Muscle Warfare International, Inc
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