WASHINGTON, Feb. 15, 2011 (GLOBE NEWSWIRE) -- Syndication Inc., (Pink Sheets:SYNJ), Board Declares a Combination Restricted Common Stock Dividend. The RECORD DATE of the dividend will be March 31st, 2011. The Company advises shareholders to contact their brokerage house to determine their individual X Dividend Date. Normally 3-4 days prior to the Record Date, the X Dividend date can fluctuate between houses for a myriad of reasons and shareholders must own Syndication Stock on the X Dividend Date in order to avail themselves of the issuance. The issuance will include a 1.25% Restricted Common Stock Dividend of the Company's .0001 Par value Common and a 25% distribution of the Company's 10% holdings in Better Environment Concepts Inc., (Pink Sheets:BEEN) trading on the Pink Sheets OTCBB.
It was further resolved by the Board that the Company will adhere to a strict dividend issuance schedule and authorized the CEO to begin the process of releasing the same dividend for the 2nd Quarter 2011 with a "Declaration Date" on or about April 2nd 2011. The Board also took further steps to enhance the Company's Dividend program by creating an affordable service that would enable our shareholders to have the restrictive legends on their dividend shares lifted. It is anticipated that the charge for the service will be approximately $50.00. The Board expects to launch the service in coordination with our transfer agent within the next week.
"The dividend policy of the Company is designed to increase equity valuation, enhance the potential for equity investment, discourage short trading activity and, most importantly foster a longer term investor attitude. As the growth in valuation of the Company becomes realized the dividends will become a strong attraction to new shareholders. I also recognize that our dividend policy is problematic to market makers holding short positions in our stock and I feel sure that this dividend issuance will cause real attention demands. However, I will not deny dividends to our shareholders because the ability of market makers trading our stock for the purpose of their own self profit becomes complicated," said the CEO of Syndication Inc.
The Board remains resolute to the execution of our business plan and the belief in our future. We believe that the dividends play an important role in the long term development of our stock valuation. In our opinion, they will become valuable both monetarily and as a recognized function of our Company culture. The pursuit of the alternative energy market is still in its embryonic stage and South Carolina is one of its frontiers. The State is poor and starving for corporate capital investment. We have cash and have closed on an additional million dollar investment. South Carolina is aggressively courting Syndication/SRE S.C. as a player in their business community. We are using their economic dearth as leverage to convert our business plan from chalk board to practical application. An interesting revelation fostered by the task is that it can be done much cheaper than originally anticipated and the opportunity for profits is far greater than originally forecasted. Over the next couple of days and weeks the Company expects to release details on the Lake City S.C. warehouse purchase and the status of the required roof replacement, legal issues related to the $5 million dollar loan escrow and the 2 Consulting Agreements with Better Environment Concepts Inc., (the Capital Market and Acquisition Structure Agreement and the SRE S.C. Inc., Plant Operations Oversight Agreement). News pending.
This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products, which we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets.
CONTACT: Syndication Inc. Brian Sorrentino Phone # 888-422-5515 Syndicationinc.net For all mail correspondence; Box 503, Damascus, MD 20872