First American Capital Corporation Completes 1-for-3 Reverse Stock Split
April 13 2007 - 5:41PM
PR Newswire (US)
TOPEKA, Kan., April 13 /PRNewswire-FirstCall/ -- First American
Capital Corporation today announced the completion of its 1-for-3
reverse stock split, pursuant to which every three shares of the
Company's common stock, par value $.01 per share, became one share
of the Company's common stock. The reverse stock split became
effective at the close of the markets today at 3 p.m. CDT. The
first day of trading of the stock on a split-adjusted basis will be
Monday, April 16, 2007. First American Capital Corporation
shareholders will receive one new share of First American $.01 par
value per share common stock for every three shares held prior to
the split. Registered holders of the Company's common stock will
receive a transmittal form shortly with instructions for the
exchange of stock certificates. Shareholders with shares in
brokerage accounts will receive information from their brokers
about how their accounts are affected by the reverse stock split.
First American will not issue fractional shares resulting from the
reverse stock split. Fractional shares will be cashed out at the
rate of $5.16 per whole share on a post-split basis. UMB Bank, n.a.
will act as the exchange agent, and can be contacted at
800-884-4225. This Press Release contains forward-looking
statements. All forward- looking statements involve risks and
uncertainties, and several factors could cause actual results to
differ materially from those in the forward-looking statements. The
following factors, among others, could cause actual results to
differ from these indicated in the forward-looking statements: the
uncertainty as to the market response to the reverse stock split;
the uncertainty that the Company will achieve its short-term and
long-term profitability and growth goals; uncertainties associated
with market acceptance of and demand for the Company's products and
services; the impact of competitive products and pricing, the
dependence on third-party suppliers and their pricing; its ability
to meet product demand; the availability of funding sources; the
exposure to market risks; uncertainties associated with the
development of technology; changes in the law and in economic,
political and regulatory environments; changes in management; the
dependence on intellectual property rights; the effectiveness of
internal controls; and risks and factors described from time to
time in reports and registration statements filed by First American
Capital Corporation with the Securities and Exchange Commission. A
more complete description of the Company's business is provided in
First American Capital Corporation's most recent annual, quarterly
and current reports, which are available from the Company without
charge or at http://www.sec.gov/. DATASOURCE: First American
Capital Corporation CONTACT: Bill Morton, Chief Financial Officer,
+1-913-661-0123, , for First American Capital Corporation Web site:
http://www.brookecorp.com/
Copyright