JACKSONVILLE, Fla. — Dynasty Limousine Inc., a luxury transportation and limousine firm covering the southeast U.S., is executing a forward split on its common stock. This action is being taken to provide a more stable trading range for its shares given the low amount of DNYS stock available in the market.
The actual split ratio is being voted on this week by the majority shareholders, and details regarding this action will be disclosed in a matter of days. The company is working with its Securities Consul on the forward split, and key dates along with other pertinent information will be made public in the next press release.
The annual report is being finalized and will be posted on the OTC Markets website on or about Feb. 15, 2012. An attorney opinion letter regarding the annual report will be filed shortly thereafter.
Dynasty maintains an A+ accredited BBB rating, and was named a national top-three finalist for the LCT Operator of the Year Award by LCT Magazine for 2009, 2010, 2011 and 2012. Additional company information may be accessed via Dun and Bradstreet, OTCmarkets.com, or by visiting the Investor Relations area located on its corporate websites. As of Feb. 7, the total number of shares issued and outstanding is 4,836,425 with a current float of 737,175 shares.
Dynasty Limousine is a full service chauffeured transportation firm with offices in Jacksonville and Orange Park, Fla. The company was founded in 1998 and operates a fleet of 17 limousines, luxury sedans, and limo buses with service areas primarily in the southeast U.S.
Source: PR Newswire