LOS ANGELES, May 24, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE--The Board of Directors of Full Alliance Group, Inc. (OTC PINK:FAGI) ("Full Alliance Group" or "FAGI"), is today pleased to announce its Board of Directors has voted unanimously to approve the declaration of a special dividend in the form of common stock of FAGI, to the holders of FAGI's common stock as at June 15, 2018 ("Record Date") - or - The record date will be 10 days following a final determination by FINRA.
The holder of each 10 shares of FAGI's common stock on the Record Date will receive one share of common stock in FAGI. Full Alliance is in the process of filing with the Financial Industry Regulatory Authority ("FINRA") of the occurrence of this corporate action (the "Dividend"), under which the Dividend will be distributed ("Distribution date") to be announced following FINRA's review and approval.
The Board of Directors has taken this step because it believes it is in the best interests of FAGI shareholders, is necessary to protect stockholders interests and would unlock significant stockholder value.
Sincerely, Jacob Thomas Chairman / CEO
InvestorRelations@FullAlliance.com
About Full Alliance Group Inc.
Full Alliance Group Inc. (OTC PINK:FAGI) is a multi-faceted holding company with varied interests in banking and point-of-sale (POS) technology, financial services, real estate, nutraceuticals and computer software development. Full Alliance Group provides investment capital, modern business practices, and best-in-class management to assist growing companies to reach their greatest potential.
FORWARD-LOOKING STATEMENTS
This shareholder update may contain a number of forward-looking statements. Words and variations of words such as: "expect", "goals", "could", "plans", "believe", "continue", "may", "will" and similar expressions are intended to identify our forward-looking statements, including but not limited to: our expectation for growth, benefits from brand-building, cost savings and margins. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause our actual results to differ materially from those indicated in our forward-looking statements. Such factors include, but are not limited to: continued volatility of, and sharp increase in: costs/pricing actions, increased competition, risks from operating internationally, consumer weakness, weakness in economic conditions and tax law changes.
