SOURCE: PSPP Holdings, Inc.

September 13, 2007 09:00 ET

PSPP Holdings, Inc. Announces Stock Dividend to Shareholders of Record as of September 28, 2007

LAS VEGAS, NV--(Marketwire - September 13, 2007) - PSPP Holdings, Inc. (OTCBB: PSPJ) announced today that its Board of Directors has declared a 1-for-10 stock dividend to shareholders of record as of September 28, 2007. Holders of ten or more shares of PSPP's common stock as of the end of regular trading hours on September 28, 2007 -- changed from September 19, as originally announced -- will receive one additional share of common stock for each ten shares then held. The stock dividend will be distributed on October 12, 2007.

Larry Wilcox, Chairman of PSPP, stated that, "This stock dividend is part of our ongoing efforts to continually improve trading liquidity, broaden ownership and enhance shareholder value.''

Persons who have acquired PSPP common stock on the OTC Bulletin Board on or before the end of regular trading hours on September 28, 2007 will be entitled to the stock dividend. In order to receive the stock dividend the shareholders who hold their shares in certificated form must deliver their stock certificates to PSPP's transfer agent for exchange by October 1, 2007, and those shareholders whose shares are held at the Depository Trust Company will receive the dividend stock electronically into their brokerage accounts upon submission of a dividend claim form, which can be downloaded from PSPP's web site or requested in hard copy from PSPP.

About PSPP Holdings, Inc.

PSPP Holdings, Inc., headquartered in Las Vegas, Nevada, is a financial services company that is establishing an international banking network to facilitate electronic remittance, Mobile Banking, e-benefits, and stored value and pre-paid card solutions.

Safe Harbor Statement:

Under the Private securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements, including all statements regarding paying a stock dividend, and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies, products and services, delays in testing and evaluation of products and services, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.

Contact Information

  • Contact:
    PSPP Holdings, Inc.
    800-504-5844