San West Inc. (OTCBB: SNWT), a Company that designs, manufacturers, sells and repairs off-road vehicles, apparel and accessories, recently issued a statement regarding upcoming 5for1 forward stock split.
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We have had many shareholder inquiries regarding the upcoming stock split. In order to clear up any confusion we are issuing the following statement: "Only shareholders who owned our stock as of the record date and who still own the stock as of the effective date of the forward split will be entitled to the new shares. Shareholders who sell their stock between the record date and the effective date will not participate in the split." "The Company will exchange five shares of its common stock to all shareholders of record at the close of business on October 26, 2009 for every share of common stock held on that date and still held on November 2, 2009. The shares will be distributed on November 2, 2009 by the Company's transfer agent, First American Stock Transfer, so that the new shares issued will equal 5 times the pre-split number with fractional shares rounded up to the nearest share." This is a non-mandatory stock exchange. Please contact your broker for any further clarification. San West designs, manufacturers, sells and repairs off-road buggies, and additionally provides aftermarket performance products and accessories for off-road buggies. Products are sold via three divisions: at retail store locations, via the online store and through its growing dealer network. Buggy repair services are sold and fulfilled at the Santee,
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