Dynasty Limousine Inc. Announces Date of Record for Its 3:1 Forward Split
JACKSONVILLE, Fla., Feb. 15, 2012 /PRNewswire/ -- Dynasty Limousine Inc. (PINKSHEETS: DNYS), a full service Luxury Transportation and Limousine firm covering the southeast United States, has set the date of record for the upcoming 3 for 1 split of its common stock.
A conference call with the company's securities attorneys occurred on February 14th and the date of record has been set for February 29, 2012. On February 9th, the Board of Directors of Dynasty Limousine unanimously agreed to execute a 3:1 forward split of its common stock in order to provide a more stable trading range for its securities. Interested investors must own stock in DNYS by the close of the trading day on February 29, 2012 in order to receive the additional shares.
2011 Annual Report
The 2011 annual report and disclosure statement is completed. This report will be uploaded to the OTC Markets portal later today in compliance with reporting guidelines. An attorney opinion will be issued regarding the financials after their review.
About Dynasty Limousine Inc.
Dynasty Limousine is a full service Limousine and Transportation firm with offices in Jacksonville and Orange Park, Florida. The Company was founded in 1998 and currently operates a fleet of 17 Limousines, Luxury Sedans, and Limousine Buses with service areas primarily in the Southeast United States. The Company is a member of the National Limousine Association, and has a nationwide affiliate network to handle all domestic service requests. Dynasty currently has 17 employees, and is actively seeking acquisitions and expansion into additional markets.
Dynasty maintains an A+ accredited BBB rating, and was named a National top three finalist for "Limousine Operator of the Year" by LCT Magazine for 2009, 2010, 2011 and 2012. Additional company information may be accessed via Dun and Bradstreet, OTCmarkets.com, or by visiting the Investor Relations area located on our corporate websites. At the time of this release, the total number of shares issued and outstanding is 4,836,425 with an estimated float of 737,175 shares.
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts included in this release, are forward-looking statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products and services, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party vendors, and other risks detailed in the Company's prospectus and periodic reports filed with the Securities and Exchange Commission. Dynasty Limousine Inc. undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
SOURCE Dynasty Limousine Inc.Back to top