Custom Branded Networks Inc. Announces Shareholder Dividend NEW YORK, Oct. 27 /PRNewswire-FirstCall/ -- Custom Branded Networks, Inc. (OTC:CBNK) (BULLETIN BOARD: CBNK) is pleased to announce that it is in final stages of negotiations to acquire a resource based project with substantial proven reserves that management believes will enhance shareholder value. In anticipation of completing the acquisition, the Board of Directors together with management has made a decision to increase the authorized share capital. The company further plans to issue preferred shares in order to finalise the acquisition. The company has also proposed to issue a shareholder dividend of 20% (twenty percent) in two stages. Under this dividend plan, every shareholder of record as of the proposed date will automatically be allocated one new share for each 10 shares held as of exercise date. The company further plans to award an additional (one) share for each 10 shares held by shareholders on the second exercise date which shall be approximately six to eight weeks after the initial dividend. The intention of the dividend shares is to reward existing shareholder loyalty and confidence. Paul Carter, President of Custom Branded Networks, Inc. said, "This is a very exciting time for us. With this new acquisition, we are strengthening our commitment in becoming a world-class resource company." Further information concerning the company's acquisition shall be disclosed in a prompt and timely manner. The statements contained in this press release contain certain forward-looking statements, including statements regarding the company's expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to the company's management as of the date hereof, and actual results may vary based upon future events, both within and without the control of the company's management. On behalf of the board Paul G. Carter (President) 604-904-6946 DATASOURCE: Custom Branded Networks, Inc. CONTACT: Paul G. Carter, President of Custom Branded Networks, Inc., +1-604-904-6946

Copyright