ZKid Network Company Names New CEO, Slashes 300 Million Shares
08 Novembre 2004 - 3:07PM
PR Newswire (US)
ZKid Network Company Names New CEO, Slashes 300 Million Shares
CHICAGO, Nov. 8 /PRNewswire-FirstCall/ -- ZKid Network Company (OTC
Bulletin Board: ZKID) has named Donald Weisberg, CEO. Mr. Weisberg
had previously been president of ZKid Network Company. Mr. Weisberg
at the direction of the board of directors immediately approved the
reduction of capital in ZKid, which would reduce the current
authorized available issue of stock from 500 million to 200 million
shares. Final approval shall be by vote of shareholders by
majority. Donald Weisberg, CEO of ZKid Network Company says, "It is
a privilege to be named CEO of ZKid and as a founding member of the
Company I look forward to bringing back shareholder value by
reducing authorized capital, encouraging the retirement of
outstanding shares and marketing the extraordinary suite of ZKid
products. The purpose of reducing capital and the number of
authorized shares by 60%, secures the fact that an onerous number
of common shares will not be distributed. The ultimate goal of the
retirement of shares will be to return as many as 30 million shares
to treasury, which is an amount two times greater than our past
dividend. This will reduce the number of outstanding shares by
almost 20%. The marketing of ZKid products will be energized by
marketing relationships which will be announced in the near future
as final contracts are being approved." "The time is now to bring
ZKid to national prominence and make child security and safety on
the Internet something every parent can count on from ZKid Network
Company". ZKid Network Company is a proprietary software company
dedicated to providing a totally safe environment for children.
ZKid's software provides safe Internet, e-mail, and chatroom
capabilities as well as fully animated education/entertainment
content for children ages 4-10. Subscribers can participate in a
Virtual Private Network (VPN) specifically designed to provide a
totally safe environment for children. For Investor information,
contact Equitilink PR: Mr. Ron Garner at 858-824-1940 or visit our
new website at: http://www.zkidnetwork.com/ . Safe Harbor
Provisions: Safe Harbor Act Notice...This release may contain
forward looking statements that involve risks and uncertainties,
including without limitation, acceptance of the Company's
dependence on financing and third party suppliers, and other risks
detailed from time to time in the Company's dependence on financing
and third party suppliers, and other risks detailed from time to
time in the Company's federal fillings, annual report, offering
memorandum or prospectus. Specifications are subject to change
without notice. DATASOURCE: ZKid Network Company CONTACT: Ron
Garner of Equitilink for ZKid Network Company, +1-858-824-1940 Web
site: http://www.zkidnetwork.com/
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