SOURCE: Genesis Financial, Inc.

December 20, 2006 13:34 ET

Genesis Financial, Inc. Reports Forward Stock Split

SPOKANE, WA -- (MARKET WIRE) -- December 20, 2006 -- The Board of Directors of Genesis Financial, Inc. (PINKSHEETS: GFNL) has declared a forward stock split of two shares issued for each one share held (two for one) to be issued to shareholders of record as of January 2, 2007. The stock split will be issued on January 2, 2007.

As of the record date, Genesis Financial, Inc. (GFNL) has 3,155,630 shares issued and outstanding. Following the forward stock split, Genesis Financial, Inc. (GFNL) will have 6,311,260 shares issued and outstanding.

This release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 which can be identified by the use of forward looking terminology such as "may," "will," "intend," "expect," "anticipate," "estimate," "continue," or the negatives thereof of comparable terminology. The Company's actual results could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including, but not limited to, economic conditions, product demand, competitive products and pricing, and/or state and federal regulations.

Contact Information

  • Contact Information:
    John Coghlan or Michael Kirk
    509-462-1468