2006-05-08 15:19 ET - News Release
Also News Release (U-ONTV) INTV INC Also News Release (U-PSRE) POWERSOURCE CP
BEIJING and PHILADELPHIA, May 8 /PRNewswire-FirstCall/ -- Sure Trace Security Corporation today announced that it has received written confirmation from the NASD that the NASD has officially set May 23, 2006 as the ex-dividend date regarding the ONTV/TPID share dividend to SSTY shareholders.
The date set by the NASD requires that the Company's transfer agent mail the dividend shares on May 22, 2006.
The Company had requested an earlier date, however, Securities Transfer Corporation (STC), the transfer agent for SSTY, requested the later date because it felt it needed the additional time to effectuate an orderly transition from ONTV/TPID's previous transfer agent and to then prepare for the mechanics of the dividend process. SSTY had recently changed the transfer agent of record for ONTV/TPID to STC because the Company felt that the dividend process would be better coordinated and executed if the same agent handled both the issuance of the dividend, the forward split, the name change, the symbol change and the delivery to SSTY and ONTV/TPID shareholders.
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