Satellite Enterprises Corp and its wholly owned subsidiary, Satellite Newspapers Corp, has announced that the company has declared a 3-for-1 stock split effective in the form of a 200 per cent stock dividend payable on or about March 31, 2004 to shareholders of record as of March 22, 2004.
Under the terms of this stock split, Satellite Enterprises Corp shareholders will receive a dividend of two shares of common stock for every one share of common stock held on that record date. The dividend will be paid in authorized but unissued shares of common stock of the Company.
With the acquisition of Satellite Newspapers Suisse, it has now added World Wide Rights for Automated Digital Kiosks. The Satellite Newspaper Kiosk prints on demand, the latest edition of 146 (and growing) major syndicated Titles from around the world.
After selection of the desired newspaper, through the user friendly touch screen, the user will be entertained by targeted advertising videos displayed on the Kiosk screen, while the Digital Kiosk quickly prins and delivers through the slot, the completed newspaper. With the Kiosk, and the new software “CLIENT”, Satellite Newspapers aims to become the Standard in Global Newspaper Distribution.
