NEW YORK, June 26, 2012 /PRNewswire/ -- Mango Capital, Inc. (Other Over the Counter: MCAP) announced today that its Board of Directors declared a thirty-four cent ($0.34) dividend as the result of the sale of the patents held by MangoSoft Intellectual Property, Inc., a wholly owned subsidiary of Mango Capital, Inc. (See, press release dated May 31, 2012). The record date is July 3rd and the payment date will be on or about July 13th. To save costs and expenses, and maximize the dividend to shareholders, Mango Capital, Inc. also hired Registrar and Transfer Company ("R&T Co.") (http://www.rtco.com) as its new transfer agent. R&T Co. will be administering the dividend process on Mango Capital's behalf. In the event you will be a shareholder on the record date, to ensure timely delivery of your dividend without a tax-withholding being applied, for shares you hold of record (shares registered directly in your name on our stock records with our transfer agent), please ensure R&T Co. has your proper address and completed IRS W-9 Form. Copies of the forms needed are available on Mango's website, www.mangocap.com. For shares held in "street name" by a brokerage firm, there is no need to provide any information to R&T Co.
Following this dividend payment, Mango Capital, Inc. and its subsidiaries do not have material assets, and they currently do not conduct any substantive business operations.
Safe Harbor Statement
This update includes forward-looking statements. These forward-looking statements generally can be identified by phrases such as Mango Capital, Inc. or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
Please send inquires to Anthony Hayes at Mango Capital, Inc. via email at AHayes@MangoCap.com, 1-917-756-2692
SOURCE Mango Capital, Inc.