CLINTON, Wash., Dec. 13, 2010 (GLOBE NEWSWIRE) -- Strategic Management & Opportunity Corporation (Pink Sheets:SMPP) proudly announces that its Board of Directors have unanimously voted to dividend shareholders with the company's common stock equivalent to 3% of the shareholder's current holdings; therefore, 3 common shares will be awarded for every 100 common shares of SMPP owned by a shareholder as of record date.
The Record Date for eligibility is set for January 19, 2011 with a Payment Date no later than February 22, 2011. Shareholders of record as of the record date will receive a restricted stock dividend equivalent to 3% of their recorded holdings. SMPP's Transfer Agent – Madison Stock Transfer Company (Contact Info: Mike Ajzenman - 718.627.4453) will be issuing the dividend stock.
SMPP CEO, Julienne Audette, comments, "We are pleased to be offering this to shareholders as a token of our commitment to foster long-term support, market confidence and continued benefit to being a part of everything we do. We are now breaking dawn on the launch of our multi-faceted Video Sales Platform (VSP) and look to a year filled with promise and fruition as we enter Q1 2011, which marks only the beginning of what we feel will be a very successful year."
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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.
CONTACT: Gerrard Hollister Investor Relations Investor Relations, SMPP SMPP Contact: (310) 909-7988 SMPP@GerrardHollister.com