Scottsdale, Arizona 4/8/2009 1:10:47 AM
News / Finance

Kraig Biocraft Laboratories, Inc. (KBLB.OB) Updates Investors on Stock Dividend Progress

QualityStocks would like to highlight Kraig Biocraft Laboratories, Inc. (OTCBB: KBLB). Kraig Biocraft Laboratories has their focus on developing high performance polymers and technical fibers. The company is utilizing their proprietary genetic engineering technology to develop and produce polymers and protein-based materials, including Spider silk, which may have numerous commercial and consumer applications.

 

In the company’s news yesterday,

 

Kraig Biocraft told investors that it has instructed its attorneys to contact FINRA, the largest independent securities regulator in the US, to achieve clearance to announce the record date for its stock dividend. As announced earlier, the Board of Directors approved the dividend that would give shareholders nine additional shares for each share of common stock held.

 

“We will keep our shareholders informed both through our website, www.KraigLabs.com and through public press releases,” commented CEO Kim Thompson. “When we receive clearance from FINRA for the record date we will make that announcement on the investor relations page of the Company’s website.”

 

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Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.