OTC BB symbol (PHDT)
MIAMI, June 13 /CNW/ - Phinder Technologies Inc. announced today that it
will issue a stock dividend of one share of common stock for every twenty
common shares held, effective for all shareholders as of June 22nd, 2007, the
record date. Shareholders holding shares on the record date will also receive
a warrant to purchase one common share at $0.18 for every twenty common shares
held. These warrants are cashless and can be exercised for up to 180 days from
the record date. Only shareholders on the record date will be entitled to
receive the stock dividend.
"Our wholly owned subsidiary, Zupintra Communications, is experiencing
tremendous growth and will continue to do so into the foreseeable future"
stated John Alexander (Lex) van Arem, CEO. "We wanted to issue a stock
dividend at this time to increase shareholder value and reward our
Additionally, the corporation has received inquiries regarding the impact
of accounts receivable (AR) financing on the outstanding shares. The company
would like to inform the shareholders that AR financing as well as letters of
credit have no impact on the outstanding shares. This type of financing is
done directly against receivables and does not require the company to issue
any shares in order to have access to it.
Phinder Technologies' core business runs through its wholly owned
subsidiary, Zupintra Communications Inc. Zupintra is a facilities based
wholesaler of international voice traffic within the carrier to carrier
network. As a wholesale VoIP provider, Zupintra Communications Inc. signs both
origination and termination contracts with next generation carriers and
profits from negotiated rates.
FRANKFURT - WKN No.: A0DQU5
In compliance with the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995, PHDT notes that statements contained in this
announcement that are not historical facts may be forward - looking statements
that are subject to a variety of risks and uncertainties. Accordingly, PHDT
wishes to caution readers of this announcement that its future actual results
may differ materially from those that any forward-looking statements may
imply. There is no assurance the above-described events will be completed.
There can be no assurance of the ability of the company to achieve sales
goals, obtain contracts or financing, consummate acquisitions or achieve
profitability in the future. The above and additional factors are discussed in
detail in the company's filings with the U.S. Securities and Exchange
Commission. These may be viewed at www.sec.gov and many other Web sites
For further information:
For further information: For Investor Relations contact: David Putnam,
Email: firstname.lastname@example.org, (416) 815-1771 ext.227, www.phinder.com