SOURCE: Fredericks Entertainment Inc.

December 10, 2007 10:10 ET

Fredericks Entertainment Inc. Declares Stock Dividend

Company Declares Preferred Stock Dividend to Loyal Investors

MIAMI, FL--(Marketwire - December 10, 2007) - Fredericks Entertainment Inc. (PINKSHEETS: FDKE) announces that the company has authorized a stock dividend to be granted to all shareholders of record as of January 25, 2008. The Stock Dividend Pay Date to shareholders will be February 8th, 2008.

The approved dividend will be distributed to the shareholders in the form of preferred stock series "B" with rights of conversion attached. The conversion rights entitle the shareholder to convert 1 share of preferred stock to .5 shares of common stock.

"We have seen much support and confidence from our shareholders," stated Alex Askert, C.E.O and President of Fredericks Entertainment. "The company wanted to show its appreciation in return."

About Fredericks Entertainment Inc.

Fredericks Entertainment Inc. (PINKSHEETS: FDKE) is a Miami-based company involved primarily in independent record, film, production and management. More info can be found at the company's web site www.fredericksentertainment.com.

Certain statements in this release and other written or oral statements made by or on behalf of the Company are "forward-looking statements" within the meaning of the federal securities laws. Statements regarding future events and developments and our future performance, as well as management's expectations, beliefs, plans, estimates or projections relating to the future are forward-looking statements within the meaning of these laws. The forward-looking statements are subject to a number of risks and uncertainties including market acceptance of the Company's services and projects and the Company's continued access to capital and other risks and uncertainties outlined in its filings with the Securities and Exchange Commission, which are incorporated herein by reference. The actual results the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. These statements are based on our current expectations and speak only as of the date of such statements. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information or otherwise.

Contact Information

  • Contact:
    Corporate Offices
    305-932-3440