Content provided in partnership with

Business Services Industry

Senior Care Industries Inc.'s Board of Directors Announces Stock Dividend

Business Wire, July 17, 2000

Business Editors

LAGUNA BEACH, Calif.--(BUSINESS WIRE)--July 17, 2000

The board of directors of Senior Care Industries Inc. (OTC BB: SENR) Monday announced that they have declared a stock dividend of one share of common stock for each 10 shares owned which will be paid to all holders of record of stock in the company as of Aug. 15, 2000.

John Cruickshank, senior vice president, stated that this stock dividend is the first of many which the company intends to declare from time to time over the next two years as a reward to its shareholders for continuing to support Senior Care's efforts in the senior community.

Most Popular Articles in Business: Research and Markets : Tesco Plc - SWOT Framework Analysis; Do Us a Flavor - Ben & Jerry's Issues a Call for Euphoric New Flavors; eBay made easy: ready to start an eBay business? These 5 simple steps will ...; Katrina's lawsuit surge: a legal battle to force insurers to pay for flood ...; Wal-Mart's newest distribution center opened last month near the southwest ...; More »

Senior Care is dedicated to supporting all aspects of the senior marketplace. Currently, the company is divided into three divisions. The housing division specializes in the development, construction and management of age-restricted senior housing, assisted living communities and commercial properties.

The manufacturing division includes Nobel Furniture and the pharmaceutical division will soon include Web-based health products distributors as a feeder to manufacture and sell Senior Care's pharmaceutical products through an "E-Commerce" pharmacy.

There are plans to vertically integrate the company so Senior Care will be able to not only furnish its facilities from Nobel Furniture but also to feed and provide medication for seniors living in Senior Care developments.

In other developments, the company announced today that by mutual agreement OTC Financial Network has resigned as Senior Care's primary public relations firm.

This press release contains forward-looking statements, including statements containing the words "believes", "intends" and similar words.

Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, actions or achievements expressed or implied by such forward-looking statements.

Such factors may include the results of the company's continuing investigation of the matters described in this press release, timing issues and actions by administrative and enforcement officials.

Business Services Industry

Senior Care Industries Inc.'s Board of Directors Announces Stock Dividend

Business Wire, July 17, 2000

Find Research Guides for:

Find Featured Titles for: Reference

Most Popular Articles in Business

Most Popular Publications in Business