USSPI Media Announces New Stock Symbol and Adoption of Insider Trading Policy
HUDSONVILLE, Mich., Nov. 20, 2012 /PRNewswire/ -- USSPI Media, Inc. (Pink Sheets: USPI) today announced a voluntary stock symbol change as well as the adoption of an insider trading policy.
The Company announced that they have voluntarily changed their OTC Pink Sheets stock symbol from ALTM to USPI effective November 19, 2012. This new symbol more accurately reflects the Company's recently adopted new name, USSPI Media.
The Company also adopted an insider trading policy. The policy provides rules for the Company's employees, officers and directors of and consultants and contractors with respect to transaction in the Company's securities. Key provisions of the policy include prohibitions on trading while in possession of material, nonpublic information, pre-clearance of trades in Company securities by officers, directors and certain employees, and blackout periods for executive officers and directors.
The Company announced on November 15, 2012 an authorized cash dividend of four cents per share on the Company's stock. The dividend is payable on December 26, 2012 to shareholders of record as of the close of business on November 26, 2012.
USSPI Media, Inc. conducts operations through its subsidiary, National Home Delivery, Inc. (NHDI), a media agency that specializes in local newspaper and digital media buying and placement. This is accomplished through three brand names: U.S. Suburban Press (USSPI), Specialty Media Solutions (SMS) and Custom Media Solutions (CMS). All three brands gather specifications on the media, negotiate rates, place insertion orders (similar to a purchase order) and collect proof of performance for the national advertiser or advertising agency, in a one order/one bill environment. The different brands each target different types of media.
The Company has provided national advertisers in the U.S. with targeted advertising on a hyper-local level as well as a one-order, one-bill system since its inception. The Company has over 2,000 newspapers in its proprietary database.
USSPI Media, Inc.
4675 – 32nd Avenue
Hudsonville, MI 49426
CONTACT: Phil Miller, Chairman and CEO of USSPI Media, Inc., 616-662-6420, ext. 12, firstname.lastname@example.org (USPI)
Statements in this news release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act. The forward-looking statements can generally be identified by words such as "believes," "anticipates," "expects" or words of similar meaning. Forward-looking statements also include statements relating to the Company's future performance, such as future prospects, revenues, profits and cash flows. The forward-looking statements are subject to risks and uncertainties, which may cause actual results to be materially different from any future performance suggested in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements are made only as of the date hereof, and the Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements.
SOURCE USSPI Media, Inc.