LAS VEGAS, NV -- (Marketwire) -- 03/11/13 -- WGI Holdings, Inc. (OTC Pink: WGIH) -- The Board of Directors of WGI Holdings are pleased to announce that they have declared a dividend of the shares to all the shareholders of record of WGI Holdings on March 15th, 2013 ("Record Date").
The dividend will be equal to 200.0% of the share price at the market close on the Record Date. The dividend is payable in common stock. Each stockholder's dividend will be calculated based on the number of shares owned on the Record Date by the stockholder. The new shares will be issued following the Record Date. The number of shares will equal two (2) shares for each one (1) share owned by the stockholder on the Record Date, rounded upwards to the next whole share.
The class of shares receiving the dividend is the common shares.
The record date of the dividend is March 15th, 2013.
The payment date is March 30th, 2013.
Only shareholders that actually have shares in their names, or in the name of the broker that holds them for them in safekeeping will be eligible.
To ensure you get your dividend shares, you must ensure that if you have purchased shares of WGI Holdings, your broker must have physical delivery of the shares in their possession and proof has to be sent to the transfer agent by the Record Date of March 15th.
Anybody who has purchased shares of our company, you should make sure your broker has received the shares you have purchased in physical form on your behalf and have them in safekeeping, if they do not have them in the firms possession, then you need to insist they get them from the selling broker immediately, otherwise you will not be eligible to receive the dividend.
"This is a terrific payout to our shareholders and we are very pleased with the results for the company," said Kyle Bendford, CTO, MyBitCloud.
About WGI Holdings
WGI Holdings' goal through its operating subsidiary MyBitCloud is to become a leading provider of Personal & Business Cloud services that enable users and organizations to access ALL of their data, anytime, anywhere, and from any supported device.
MyBitCloud will enable users and organizations to have unlimited storage capability while also providing backup, synchronization, access and sharing capability of any file instantly and securely. More information can be found on our website: www.mybitcloud.com
This summary contains forward-looking statements within the meaning of the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. These statements address future events and conditions concerning the Company's business plans. Such statements are based on management's current expectation and are subject to a number of factors and uncertainties, such as future economic conditions and changes in anticipated revenues and costs, which may cause actual results to differ materially. The Company expressively disclaims any future obligation or undertaking to update or revise any forward-looking statements contained herein. Investors and potential investors should independently investigate and fully understand all risks before making investment decisions.
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