eCareer Holdings, Inc. Announces Stock Dividend To Common Stockholders
BOCA RATON, Fla., July 26, 2013 /PRNewswire/ -- eCareer Holdings, Inc. (OTCBB: ECHI) announced that shareholders of ECHI will receive a stock dividend of one (1) restricted share of Series B Convertible Preferred Stock for every one (1) share of common stock held by each stockholder of the company. These Series B Convertible Preferred shares will be distributed on July 26, 2013, to shareholders of record as of July 23, 2013. Each share of Series B Convertible Preferred Stock is convertible into 50 shares of common stock at the option of the holder, subject to applicable restriction.
About eCareer Holdings, Inc.
Headquartered in Boca Raton, Florida, eCareer Holdings, Inc. is an early-stage high growth Internet marketing company. Through developing branded career websites focused on specialized "Internet Job Verticals," the company's goal is to provide the most effective job advertising platforms in the marketplace. With an emphasis on the use of superior technology, eCareer Holdings, Inc. will address the high demand for and the shortage of skilled professionals in specific sectors, while attracting clients with strong advertising budgets. The company launched its first site, Openreq™, for staffing, recruiting and HR professionals, on January 1, 2013. For additional information, visit www.openreq.com.
Forward-Looking Statements: This press release may contain forward-looking statements that involve a number of risks and uncertainties that could cause eCareer Holdings, Inc.'s actual results to differ materially from those indicated in this press release, including, among others, risks and uncertainties associated with the success of the recent transaction with Barossa Coffee Company, Inc.; the company's ability to obtain additional capital in the future to fund planned expansion; the demand and growth of online recruiting and staffing; and other general economic factors. The company has no obligation to update or revise the forward-looking statements to reflect the occurrence of future events or circumstances.
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