SOURCE: H-Quotient, Inc.

April 27, 2005 09:24 ET

H-Quotient Dividend Paid

VIENNA, VA -- (MARKET WIRE) -- April 27, 2005 -- H-Quotient, Inc. (OTC: HQNT) paid a cash dividend of $.55 in the form of one share of Standard Holdings Group Ltd. (OTC: SNDH) stock for every 10 shares of H-Quotient stock. The value was established by H-Quotient's auditors based upon the price of Standard Holdings Group Ltd. at the time the dividend was announced, February 17, 2005. Therefore, the Standard Holdings shares paid as dividends are being treated as $.55 for tax purposes.

The dividend has been fully paid by H-Quotient; however, many stockholders have not yet received it. The most likely reason for this occurrence is short selling. Brokerages, not H-Quotient, are required to pay the dividend to stockholders to whom they have shorted stock, and several brokerage firms have apparently yet to do so. H-Quotient shareholders who have not received their dividends are urged to immediately contact their brokers and demand payment of the dividend. Neither H-Quotient nor its transfer agent can assist in this effort because they have already paid the dividend in full to the bona fide owners of record.

H-Quotient traded ex-dividend on April 25, 2005. The value of the dividend paid in Standard Holdings stock, which closed at $2.50 on April 22, was applied to H-Quotient stock by NASD. Because the rate was one share of SNDH for 10 shares of HQNT, $.25 per share was applied to HQNT. HQNT, which closed at $.51 on April 22, was therefore adjusted to $.26. The stock opened on April 25 at $.50 per share.

This announcement may contain, in addition to historical information, certain forward-looking statements that involve risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated.

For more information visit the H-Quotient web site at www.hquotient.com and the Standard Holdings Group web site at http://www.standardholdingsgroup.com.

Contact Information

  • Contact:
    H-Quotient, Inc.
    Ashley Bell
    703-752-0690