(PublicWire.com Press Release) Techs Loanstar, Inc. (OTCBB:TCLN) (“Techs” or the “Company”), a company in the social network industry thru its wholly owned subsidiary ZenZuu USA, Inc. (“ZZUSA”), today issued further information regarding the recently announced stock dividend. On July 7, 2010 the Company announced that its board of directors approved a resolution authorizing a stock dividend of two additional shares of common stock to each shareholder of TCLN as of the record date of July 16, 2010. The Company was advised on July 12, 2010 from the Financial Industry Regulatory Agency (“FINRA”) of the following: Record Date: July 16, 2010, Payment Date: July 19, 2010, Ex-dividend Date: July 20, 2010. Accordingly, the stock will trade with the dividend through July 19, 2010 and will trade without the dividend beginning July 20, 2010. Purchasers on July 20, 2010 or later will not be entitled to the dividend.
“The stock dividend is intended to lay the groundwork for the growth of our Company, allowing us to continue our ongoing efforts to improve trading liquidity, broaden ownership, promote capital investment for acquisitions and enhance shareholder value,” stated Barry Hollander, CFO of the Company.
TCLN.OB, TCLN.OTCBB, TCLN
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