BIRMINGHAM, Mich., Jan. 27, 2009 (GLOBE NEWSWIRE) — CruiseCam International, Inc. (Pink Sheets:CCMC) is pleased to announce that the board of directors of the company have approved a Stock Dividend Distribution to all shareholders of record as of May 15, 2009.
CruiseCam entered into a strategic e-commerce marketing agreement and equity exchange agreement with Anything Brands Online, Inc (Pink Sheets:ANYT) in November of 2008 and has decided to provide a portion of this equity to its shareholders.
The Dividend Distribution will be distributed in this manner: Every Shareholder who holds their common stock or purchases stock of CCMC in the market on or before May 15, 2009, and has a minimum of 350,000 shares of CCMC common stock will be qualified to receive the dividend. The dividend will be paid in the following manner: For every ten shares (10) of common CCMC stock held through May 15, 2009 each shareholder will receive one (1) share of restricted common stock of Anything Brands Online, Inc.
For example: If a CCMC shareholder had 500,000 shares of CCMC stock and held it through May 15, 2009 that shareholder would receive 50,000 shares of ANYT stock as their dividend payment.
Scott Watkins, CEO of CruiseCam International stated, “We want to thank our shareholders who have stuck with us over the long term and this dividend is a thank you to all of our shareholders. We are committed to building and growing our company to increase shareholder value.”
About CruiseCam International:
CruiseCam International (Pink Sheets:CCMJ), through its two operating subsidiaries, develops and markets integrated, “in-car” camera mount and recording systems for law enforcement, consumer, commercial and transportation applications, as well as for competition racing cars.
The Company’s patented technology and industry-first “CruiseCam” offering have been developed since 1996, and are distributed nationwide. For more information, visit: http://www.cruisecam.com/.
About Anything Brands Online, Inc. Anything Brands markets and sells commercial & recreational transportation products and services. Anything Brands is a leader in the commercial and recreational vehicle and transportation markets serving RV, trucking, marine, outdoor recreation, automotive, commercial and OEM applications. Also serving: automotive, construction, industrial tools, and equipment and autobody supplies thru its Tradesman Tool division.
SAFE HARBOR: Statements in this press release other than statements of historical fact, including statements regarding the company’s plans, beliefs and estimates as to projections are “forward-looking statements.” Such statements are subject to certain risks and uncertainties, including factors listed from time to time in the company’s SEC filings, and actual results could differ materially from expected results. These forward-looking statements represent the Company’s judgment as of the date of this release. The Company does not undertake to update, revise or correct any forward-looking statements.