Business Services Industry
SaraOnline.com Confirms Record and Dividend Payment Dates for SolutionNet and USLab.com
Business Wire, April 28, 1999
MARINA DEL REY, Calif.--(BUSINESS WIRE)--April 28, 1999--
Garrett K. Krause, president and chief executive officer of SaraOnline.com, an Internet focus subsidiary of venture-banking firm Sara Hallitex Corp. (OTC BB:SHAL), confirmed the official shareholders-of-record dates and dividend-payment dates for the SolutionNet International Inc. and USLab.com Inc. SaraIPO spinout companies.
SolutionNet International (OTC BB:SLNN)
Record date for dividend qualification: All stockholders in Sara Hallitex who either owned stock or purchased stock up to and including the close of trading on Jan. 29, 1999, with a final settlement date of Feb. 3, 1999.
Dividend-payment date: Sara Hallitex will pay this restricted stock dividend on April 29, 1999.
Dividend: One restricted rule 144 common share of SolutionNet International for each 10 common shares of Sara Hallitex.
USLab.com (Symbol to Be Announced)
Record date for dividend qualification: All stockholders in Sara Hallitex who either owned stock or purchased stock up to and including the close of trading on April 30, 1999, with a final settlement date of May 5, 1999.
Dividend-payment date: Sara Hallitex will pay this restricted stock dividend on May 7, 1999.
Dividend: One restricted rule 144 common share of USLab.com for each 10 common shares of Sara Hallitex.
Sara Hallitex is a public venture-banking firm dedicated to acquiring and investing in companies, new technologies or projects that when fully developed will be "spun off" as Nasdaq publicly traded companies, providing appreciable long-term portfolio enhancement for their shareholders.
Sara Hallitex holds substantial equity portfolios in Janus International Inc. (OTC BB:JNUS), SolutionNet International (OTC BB:SLNN) and forthcoming SaraIPOs USLab.com (formerly X-SELNET) and Tril-MediaNet.com.
For more information on SaraOnline.com and Sara Hallitex, look to the company's World Wide Web page at www.saraonline.com or www.sarahallitex.com, or contact Sara Hallitex Corp., 4344 Promenade Way, Suite 102P, Marina del Rey, Calif. 90292; telephone 310/823-5008 (Investor Relations Department); fax 310/827-6255; e-mail invrel@sarahallitex.com.
Statements in this release are made pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risk and uncertainties, including, without limitation, continued acceptance of the company's services, increased levels of competition and dependence on the performance of the management of the company.
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