AndhraNews.net
Home » Business News » 2011 » June » June 9, 2011

Grid Cloud Solutions Declares Dividend


June 9, 2011 - Sault Ste. Marie, ON

Grid Cloud Solutions Inc. (PINKSHEETS: GRDC) is pleased to announce its Board of Directors has approved a Restricted Stock Dividend.

GRDC shareholders of record on July 15th, 2011 will receive 1 (One) Restricted Common Share ("The Shares") for every 3 (Three) shares held. The Dividend will be paid on September 9th, 2011. Shareholders of Record who hold their shares in certificate form will receive their shares by mail. Shareholders who hold their shares in a brokerage account will receive their shares automatically through their broker.

S.E.C. Rule 144
The "Shares" will be issued subject to Rule 144 of the Securities & Exchange Commission and will contain a legend restricting their resale for typically 1 (one) year from issuance. The "Shares" will hold normal voting rights and, despite containing resale restrictions, the "Shares" will entitle the holder to potential future stock and cash dividends, spin-offs, and distributions of consideration in the event of a buy-out or merger. See www.sec.gov/investor/pubs/rule144.htm for more information regarding Rule 144 pertaining to the "Shares."

About Grid Cloud Solutions Inc.
Grid Cloud was formed as a service company to support the renewable energy sector by providing a variety of business and technological solutions including: financing, business development, security and monitoring services. The company offers these services to the wind, solar, modern biomass, geothermal, hydroelectricity and biofuels industries. The Company's business plan is tailored after the business models developed by service providers in the petroleum industry who are focused on providing solutions to complex problems as they emerge.

Disclaimer: Shareholders and investors are strongly cautioned against placing undue reliance on information set forth in these communications in making any investment decisions concerning our securities. The matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. These risks are detailed from time to time in the Company's periodic reports filed with OTCMarkets.com including the company's Annual Report, Quarterly Reports and other periodic filings. These forward-looking statements speak only as of the date hereof. The Company disclaims any intent or obligation to update these forward-looking statements.

Investor Relations Contact:
Grid Cloud Solutions
email Email Contact
tel. 1 954 707-3043




MarketWire

Comment on this story

Share