Monster Offers (OTCBB: MONT) conducted an interview with Wall Street Reporter as part of its CEO Interview series.
Wall Street Reporter wanted to learn more about our dividend announcement last week and underlying acquisition strategy, said Paul Gain, Monster Offers CEO who completed the 15-minute interview. On November 18, 2010, the Board of Directors approved a one-half-for-one (0.5:1) common stock dividend (the "dividend") of the Company's issued and outstanding common stock, par value $0.001, with a record date of December 1, 2010 and a payment date of December 2, 2010. Each shareholder will receive a dividend of one (1) common share for every two (2) shares owned on the record date.
Since I joined Monster Offers just two months ago, we have refocused our efforts around the emerging social commerce and the Deal of the Day space. This has resulted in significant traction in the marketplace, said Gain.
We encourage current and potential shareholders to listen to this interview, said Gain, as they will get a better understanding of why we issued a stock dividend and how we plan to launch new revenue generating social commerce initiatives. In our opinion, issuing a stock dividend is perhaps the best way to reward our shareholders at this time, while also arming the company with a significant amount of shares to do strategic acquisitions.
Since the launch of the new Website, Monster Offers has been contacted by many new age social commerce companies, and is poised to follow through with strategic acquisition discussions and due diligence with those candidates that are profitable, stable and well-positioned for rapid growth in the near-term future.
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Any statements contained in this press release that relate to future plans, events or performance are forward-looking statements that involve risks and uncertainties, including, but not limited to, the risks associated with the management appointment described in this press release, and other risks identified in the filings by Monster Offers (MONT), with the Securities and Exchange Commission. Further information on risks faced by MONT are detailed in the Form 10-K for the year ended December 31, 2009, and in its subsequent Quarterly Reports on Form 10-Q. These filings are or will become available on a website maintained by the Securities and Exchange Commission at http://www.sec.gov. The information contained in this press release is accurate as of the date indicated. Actual results, events or performance may differ materially. Monster Offers does not undertake any obligation to publicly release the result of any revision to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.