ST. LOUIS--(BUSINESS WIRE)--The Marketing Alliance, Inc. (OTC: MAAL) (“TMA”), today announced that its Board of Directors has approved a 7:6 stock split of the Company’s common stock.
The record date for the stock split is August 21, 2015. Shareholders of record as of such date will receive one additional new share of common stock for each six shares that they own as of the market close on the record date. The distribution of the new shares will be made on or about September 25, 2015. When applicable, fractional shares will be issued.
As a result of the stock split, the outstanding shares of the Company's common stock outstanding will increase to 7,028,233 shares outstanding from 6,024,200 shares outstanding.
TMA stock is quoted on the OTC Markets (www.otcmarkets.com) under the symbol “MAAL”. TMA’s transfer agent is American Stock Transfer & Trust Company, LLC, 6201 15th Avenue, Brooklyn, New York, 11219, and can be reached at (718) 921-8293.
About The Marketing Alliance, Inc.
Headquartered in St. Louis, MO, TMA operates three business segments. TMA provides support to independent insurance brokerage agencies, with a goal of providing members value-added services on a more efficient basis than they can achieve individually. The Company also owns an earth moving and excavating business and four children’s play and party facilities. Investor information can be accessed through the shareholder section of TMA’s website at: http://www.themarketingalliance.com/shareholder-information.
TMA’s common stock is quoted on the OTC Markets (http://www.otcmarkets.com) under the symbol “MAAL”.
Forward Looking Statement
Investors are cautioned that forward-looking statements involve risks and uncertainties that may affect TMA's business and prospects. Any forward-looking statements contained in this press release represent our estimates only as of the date hereof, or as of such earlier dates as are indicated, and should not be relied upon as representing our estimates as of any subsequent date. These statements involve a number of risks and uncertainties, including, but not limited to, expectations of the economic environment; material adverse changes in economic conditions in the markets we serve and in the general economy; future regulatory actions and conditions in the states in which we conduct our business; the integration of our operations with those of businesses or assets we have acquired or may acquire in the future and the failure to realize the expected benefits of such acquisition and integration. While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so.