The Marketing Alliance Announces 6:5 Stock Split
The Marketing Alliance Announces 6:5 Stock Split
ST. LOUIS--(BUSINESS WIRE)-- The Marketing Alliance, Inc. (OTC: MAAL) ("TMA"), today announced that its Board of Directors has declared a 6:5 stock split (20%). The new shares will be distributed on August 9, 2013 to shareholders of record as of the close of business on July 26, 2013.
As a result of the stock split, each TMA shareholder will receive 1 additional share of TMA's common stock for every 5 shares of common stock they hold as of the record date. When applicable, fractional shares will be issued. As a result of the 20% stock split, the outstanding shares of the Company's common stock will increase by approximately 502,017 shares, from 2,510,083 shares outstanding to approximately 3,012,100 shares outstanding. This marks the second consecutive year that the Company has declared a 6:5 stock split.
TMA stock is quoted on the OTC Markets (www.otcmarkets.com) under the symbol "MAAL". TMA's transfer agent is American Stock Transfer & Trust Company, LLC, 6201 15th Avenue, Brooklyn, New York, 11219, and can be reached at (718) 921-8293.
About The Marketing Alliance, Inc.
Headquartered in St. Louis, MO, TMA operates three business segments. TMA provides support to independent insurance brokerage agencies, with a goal of providing members value-added services on a more efficient basis than they can achieve individually. The Company also owns an earth moving and excavating business and two children's play and party facilities. Investor information can be accessed through the shareholder section of TMA's website at:
http://www.themarketingalliance.com/shareholder-information.
TMA's common stock is quoted on the OTC Markets (http://www.otcmarkets.com) under the symbol "MAAL".
Forward Looking Statement
Investors are cautioned that forward-looking statements involve risks and uncertainties that may affect TMA's business and prospects. Any forward-looking statements contained in this press release represent our estimates only as of the date hereof, or as of such earlier dates as are indicated, and should not be relied upon as representing our estimates as of any subsequent date. These statements involve a number of risks and uncertainties, including, but not limited to, general changes in economic conditions. While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so.
The Marketing Alliance, Inc.
Timothy M. Klusas, 314-275-8713
President
tklusas@themarketingalliance.com
www.themarketingalliance.com
or
Investor Relations
The Equity Group Inc.
Adam Prior, 212-836-9606
Senior Vice President
aprior@equityny.com
or
Terry Downs, 212-836-9615
Associate
tdowns@equityny.com
KEYWORDS: United States North America Missouri
INDUSTRY KEYWORDS:
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