SACKETS HARBOR, N.Y., Feb. 14, 2011 /PRNewswire/ -- Wisebuys, Inc. (Pink Sheets: HCKI) announced today that it will distribute a dividend to its shareholders that will consist of shares of Harbor Brewing Company, Inc. (Pink Sheets: HBWOD) and Seaway Valley Capital Corporation (Pink Sheets: SEVA). These shares will be distributed to Wisebuys' shareholders of record of March 18, 2011.
The company's founder and CEO, Maury Peters, stated, "We feel that this gesture to our shareholders is a great introduction to us and we are very pleased to offer this dividend. I am excited at being at the helm of a company that has such tremendous potential for growth, and we look forward to providing value to our shareholders and believe that this is a great first step in the right direction."
The ratios for the respective share distributions are set at five common stock shares of Harbor Brewing Company and one thousand common stock shares of Seaway Valley for each two hundred fifty thousand shares of Wisebuys' common stock held. Shareholders of record as of March 18, 2011 will be able to participate in the dividend distribution.
The company will soon apply to FINRA for a name change to "Empire Pizza Holdings, Inc." and is aggressively seeking new independent pizza operations to open and acquire. The company plans to expand throughout the Northeast including the states of New York, New Jersey and Vermont among other states along the eastern seaboard.
Further details on the dividend will be forthcoming.
Safe Harbor Statement
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "project," "intend," "expect," "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements.
SOURCE Wisebuys, Inc.