Release Dates: Immediate
Ed Hansen, MindSpring Enterprises, Inc.
MindSpring Announces Two-for-One Stock Split
ATLANTA (May 25, 1999) - MindSpring Enterprises, Inc. (NASDAQ: MSPG) today announced that its Board of Directors has declared a two-for-one stock split in the form of a stock dividend.
The record date for the stock split will be June 11, 1999. Stockholders of record at the market close on that date will receive one additional share of MindSpring common stock for each share held. Distribution of the additional shares will take place on June 25, 1999. The stock split is subject to the filing with the Delaware Secretary of State of a Certificate of Amendment to MindSpring's Certificate of Incorporation that increases the number of authorized shares of MindSpring Common Stock. This amendment, which was approved by MindSpring stockholders today, is expected to be filed tomorrow, May 26, 1999.
"We are extremely pleased to announce this two-for-one stock split," Charles M. Brewer, MindSpring's Chairman and Chief Executive Officer, said. "We believe this action will help widen the distribution and enhance the marketability of MindSpring's common stock and bring the price per share of MindSpring's common stock and number of shares outstanding into a range which should generate increased interest from current and new shareholders."
MindSpring Enterprises, Inc. (Nasdaq:MSPG) is a leading Internet service provider focused on delivering outstanding service and support to its customers. By following its Core Values And Beliefs, MindSpring is committed to doing an exceptional job of serving its customers, its employees, its owners and its community. MindSpring's dial-up subscribers can browse the World Wide Web, send electronic mail, participate in informative online chats and access over 20,000 newsgroups. MindSpring offers local Internet service in more than 825 locations throughout the United States. MindSpring is also a leading provider of Web Hosting services and domain registrations. For more information about MindSpring's services, please visit the Web site http://www.mindspring.net/ or call 1-888-MSPRING.
MindSpring has received the following Awards & Recommendations:
For information and support, send email to MindSpring