ForeFront Holdings, Inc., the golf accessories firm, has implemented a one-for-five reverse stock split of its common stock. As a result of the reverse stock split, as of the opening of business on May 28, the trading symbol for the company's shares on the Pink Sheets will be “FFHN.”
Shareholders of record on May 27, 2008 will receive a transmittal letter from the company indicating how they can exchange their current pre-reverse stock split share certificates for new post-reverse stock split share certificates.
In connection with the reverse stock split, the company also amended its Articles of Incorporation to decrease the aggregate number of shares of all classes of capital stock that it may issue.
No fractional shares of the Company's common stock will be issued as a result of the reverse stock split; all fractional shares which would otherwise be required to be issued as a result of the reverse stock split will be rounded up to the nearest whole share.
ForeFront owns the Burton Golf, Datrek, Devant Sport Towels, Miller Golf and Sir Christopher Hatton brands and has licensing and/or distribution agreements with the NCAA, NFL/Wilson Sporting Goods, PGA TOUR, Champions Tour, LPGA, Nationwide Tour, Ryder Cup, and Top of the World Headwear.
