SOURCE: Eastern Services Corporation

January 04, 2008 18:42 ET

9 for 1 Stock Dividend Declared by Eastern Services Corporation

SANTA MONICA, CA--(Marketwire - January 4, 2008) - On January 4, 2008, Eastern Services Corporation (OTCBB: ESVH) announced that it declared a 900% dividend on its Common Stock to all holders of record on January 15, 2008. Each shareholder of record on January 15, 2008 will be issued nine additional shares of Common Stock for each share held on such date.

As a result of the dividend, an aggregate of 12,600,000 shares will be issued to the Common Stock holders of record on January 15, 2008 and the number of the Company's outstanding shares will increase from 1,400,000 to 14,000,000.

The stock certificates are expected to be delivered on January 15, 2008. There will be no change in the par value and no fractional shares will be issued. Further disclosures were filed on Form 8K.

Certain statements in this press release constitute "forward-looking statements" relating to Eastern Services Holdings, Inc. (the "Company") within the meaning of the Private Securities Litigation Reform Act of 1995. All statements regarding future events, our financial performance and operating results, our business strategy and our financing plans are forward-looking statements. In some cases you can identify forward-looking statements by terminology, such as "may," "will," "would," "should," "could," "expect," "intend," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms or other comparable terminology. These statements are only predictions. Known and unknown risks, uncertainties and other factors could cause actual results to differ materially from those contemplated by the statements. In evaluating these statements, you should specifically consider various factors that may cause our actual results to differ materially from any forward-looking statements.

Contact Information

  • Contact:

    Akhee Rahman
    Chief Executive Officer
    Eastern Services Holdings, Inc.
    Phone: 310-890-4348