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MADISON HEIGHTS, Mich.,
March 27, 2013 /PRNewswire/ -- Creative Edge Nutrition, Inc. (OTCPINK: FITX), a nutritional supplement company focusing on active lifestyles today announced that its Board of Directors has approved a one share dividend for each five shares of common stock of the Company, which is a 1.2:1 forward split or a 20% stock dividend. of free trading shares of outstanding prior to the date of
April 2, 2013 as FINRA has received all necessary documentation for this corporate action and has been approved.
The dividend will be automatically added to the shareholders' existing shares. If the shareholder holds free-trading shares the dividend will be in free-trading shares. If the shareholder holds restricted shares the dividend will be in restricted shares. If a holder of restricted shares wants a new certificate reflecting the updated number of shares they will need to send the old certificate along with appropriate fees and a note requesting a new certificate to Action Stock Transfer. If the shareholders have their shares in a brokerage account the total shares will be adjusted automatically. The record date for the forward stock split dividend will be
April 2, 2013. Any fractional shares issuable pursuant to the dividend will be rounded up to the next whole share.
Bill Chaaban commented, "Since Creative Edge Nutrition, Inc. became public, the initial shareholders investing in the company have been very supportive and deserve some additional financial benefit for sharing our company's vision. A stock dividend should give our shareholders the additional economic benefit justified by their actions to date and show them our appreciation for their financial commitment."
About Creative Edge Nutrition, Inc.
www.CenergyNutrition.comCreative Edge Nutrition is a holding company and a Nutritional Supplement Company focused on developing innovative, high quality supplements. The company offers a broad spectrum of capsules, tablets, and powders, as well as science based products in the principal categories of weight management, nutrition challenges, energy and fitness. The Company manufactures under strict GMP guidelines at GMP Certified and/or FDA registered facilities.
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Safe Harbor Notice This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities, and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with the Company's business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed in detail in the Company's periodic filings with the Security and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements.