Split Will Enable Company to Achieve Five-Year Operating Plan - StationDigital Corporation Offers Free Streaming of More than 23 Million Songs
ST. LOUIS, Aug. 21, 2014 /PRNewswire/ -- Internet radio and digital broadcast platform provider StationDigital Corporation (OTCQB: SDIG) today announced the Financial Industry Regulatory Authority (FINRA) has approved the Company's 17.6471 – 1 forward stock split. Shareholders will receive 16.6471 additional shares for each 1 share held, resulting in 17.6471 total shares.
The split has a daily list announcement date of August 20th, 2014, record date of August 21st, 2014 and a payment date of August 22nd, 2014.
"StationDigital Corporation completed this split to achieve its five-year operating and capital plan and our drive to be one of the top contenders in the digital media and entertainment space," said Lou Rossi, Chairman of the Board and CEO of StationDigital Corporation. "We look forward to continued growth as consumers are drawn to our 23 million-strong library of songs and our personalized recommendations engine."
StationDigital Corporation provides quality streaming content through its massive library of songs. It also offers the SD Rewards program which helps users earn virtual currency for listening to music and sharing content with friends on social media.
About StationDigital Corporation.
StationDigital Corporation is a multimedia digital broadcast company that offers free music streaming of over 23 million songs. StationDigital Corporation features both genre-based and artist-based music discovery stations to suit an endless variety of musical tastes, and a personal recommendation service to its more than three million users – all available both online and through its iOS and Android mobile apps. StationDigital Corporation's users can customize their listening experience by selecting playlists and stations based on themes, interests and location, as well as favorite artists, songs or genre, and by providing feedback on the music they hear. StationDigital Corporation also offers the industry's first Listener Rewards program in which users earn points for listening, sharing and inviting friends on social media to enjoy StationDigital Corporation. Listener Rewards points are redeemable in the StationDigital Corporation online store to purchase music, merchandise and additional discounts. StationDigital Corporation is headquartered in St. Louis. For more information, visit www.stationdigital.com or download the StationDigital Corporation app for Android or iOS mobile devices.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the Company's current plans and expectations, as well as future results of operations and financial condition. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE StationDigital Corporation