Delivery Technology Solutions Announces Stock Distribution
26 Mars 2010 - 12:30PM
Business Wire
Delivery Technology Solutions, Inc., (Pink Sheets:DTSL), a
leader in Delivery Management Solutions announced today the
completion of the stock dividend distribution as contemplated by
the asset purchase of Universal Delivery Solutions, Inc. As
previously reported, all shareholders of UDS Group Inc. will
receive one share in Delivery Technology Solutions for every 50
shares they own in UDSG. The record date for the distribution was
March 16th, 2010 with a payment date of March 17th, 2010. All
shareholders on such date will be receiving their shares directly
from Manhattan Transfer Registrar, the transfer agent for the
company, over the coming days. Shareholders do not need to
send in there old UDSG certificates. “Additionally over the coming
weeks, UDSG will delist and all information will be found under
DTSL.”
Delivery Technology Solutions CEO Ryan Coblin commented, "We are
pleased to announce the distribution to our shareholders and be
able to move forward under our new trading entity! These are very
promising times for our company and our shareholders, and we look
forward to the days ahead. With the completion of the share
distribution, we now can focus our energies on building our
business and creating shareholder value."
About Delivery Technology Solutions, Inc.:
Delivery Technology Solutions, Inc. (DTSL), www.deltechsol.com,
is the leader in providing comprehensive custom-developed
catering/delivery solutions to industries throughout North America,
including restaurants, retail and others. The company’s solutions
offer a seamless system that integrates Customer Relationship
Management (CRM), Online Ordering and Call Center IT services
through a proprietary technology backbone to offer convenience,
consistent quality, flexibility, accountability and value for
consumers and companies.
Safe Harbor:
The statements in the press release that relate to the company's
expectations with regard to the future impact on the company's
results from acquisitions or actions in development are
forward-looking statements, within the meaning of the Private
Securities Litigation Reform Act of 1995. The statements in this
document may also contain "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. Since this information
may contain statements that involve risk and uncertainties and are
subject to change at any time, the company's actual results may
differ materially from expected results.
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