All State Properties Holdings, Inc. (Pink Sheets: ATPT) Announces the Extension and Increase of Its
All State Properties Holdings, Inc. is engaged in the procurement, development and production of natural resource properties and assets.
MEMPHIS, TN--(Marketwire – July 15 2015) - All
State Properties Holdings, Inc. (PINKSHEETS: ATPT) announced today that
shareholders of record at the close of business on January 31, 2012 will
receive a Restricted Stock Dividend equivalent to five percent (5%) of their
recorded common stock shareholdings. The payable date will be February 10,
2012. The shares will be restricted for a period of one year and will be
eligible for free trading on that anniversary date.
This dividend replaces the stock dividend
announced earlier on December 6, 2011 for holders of record as of December 31,
2011. The Directors of the Company determined that the holidays did not allow
sufficient time for all shareholders to participate in the earlier announced
common stock dividend offer. In addition, the Directors increased the
percentage of the dividend to 5% reflecting their confidence in the business
strategy of the company and as a way to create shareholder value while thanking
shareholders for their continued loyalty and support.
All State Properties
Holdings confirmed that it is implementing a quarterly dividend program, this
being the first of its planned quarterly dividends. Specific dates and
instructions for additional quarterly Common Stock Dividends will be released
as available.
About All State Properties Holdings, Inc.
All State Properties Holdings, Inc. is engaged
in the procurement, development and production of natural resource properties
and assets.
Forward-looking Statement
One of our most important responsibilities is to
communicate with shareholders in an open and direct manner. Comments are based
on current management expectations, and are considered "forward-looking
statements," generally preceded by words such as "plans,"
"expects," "believes," "anticipates," or
"intends." We cannot promise future returns. Our statements reflect
our best judgment at the time they are issued, and we disclaim any obligation
to update or alter forward-looking statements as the result of new information
or future events. All State Properties Holdings, Inc. urges investors to review
the risks and uncertainties contained within its filings with the Securities
and Exchange Commission.
Contact Information
CONTACT:
All State Properties Holdings, Inc.
Dr. E. Robert Gates
901-302-9160
dr.robertgates@gmail.com
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