OTTAWA, June 4, 2008 (PRIME NEWSWIRE) -- Wisemobi, Inc. (Pink Sheets:WMBI) today announced that it has completed a 1 and 1/2 share dividend for each share of common stock of the Company, resulting in a total of 2.5 shares for each share of common stock issued and outstanding prior to the dividend.
The record date for the stock dividend was May 21, 2008 with the payment date yesterday, June 3, 2008 and the ex-date from the NASD effective today, June 4, 2008. Wisemobi's transfer agent will begin mailing new stock certificates to effectuate the dividend beginning today.
Wisemobi will have approximately 55,591,118 shares outstanding upon completion of the share dividend.
Forward-Looking Statements
This press release contains "forward looking" statements within the meaning of Section 21A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934 as amended, and is subject to the safe harbors created thereby. Such statements involve certain risks and uncertainties associated with an emerging company. Actual results could differ materially from those projected in the forward-looking statements as a result of risk factors discussed in Wisemobi, Inc. reports that will be on file with the U.S. Securities and Exchange Commission.