SOURCE: Anything Brands Online, Inc.

Anything Brands Online, Inc.

April 01, 2010 13:01 ET

ABOL, Inc. Issues Update on Planned Share Distribution for ANYT Shareholders

TUCSON, AZ--(Marketwire - April 1, 2010) - On January 26, 2010 Anything Brands Online, Inc. (PINKSHEETS: ANYT) announced the spin-out of its Online commercial and retail business into another Pink Sheet Company to be managed by Timothy Norton an executive of that division. 

Shareholders of ANYT holding a minimum of 50,000 shares in a single account will receive the ABOL, Inc. distribution based upon a 1:1 basis. Stating the distribution another way, for every share held of ANYT the shareholder will receive one share of ABOL, Inc., again assuming that the shareholder meets the minimum share level of 50,000. Shares held in multiple accounts cannot be used to reach the minimum 50,000 share level. The distribution as stated previously is scheduled for April 15, 2010.

Tim Norton stated; "It was announced earlier that we would announce a merger with another Pink Sheet operation by mid-February. As of this date, we are in negotiations, and will announce those details at the appropriate time." The plan remains on course to merge ABOL, Inc. into another Pink Sheet operation in the near term.

Notice on Forward-Looking Statements:
This release includes forward-looking statements regarding Anything Brands Online, Inc. and its business. Forward-looking statements speak only as of the date on which they are made and Anything Brands Online, Inc. undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

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