A number of the matters discussed in this document that are not historical or current facts deal with potential future circumstances and developments, in particular, information regarding the combined company, and the local telecommunications business to be spun off
, including the expected capital structure and financial characteristics of the local telecommunications business.
To date, SRI and its subsidiary Sarnoff Corporation have spun off
more than two-dozen new ventures.
eCom, which has spun off
its ten wholly owned subsidiaries as independent public companies, plans to now expand the remaining spin-offs by acquiring established businesses similar to ACH and F4W.
The Committee recommended that three of its eleven divisions be spun off
into separate publicly traded corporations under the control of independent management teams.
The stock dividend will be distributed to owners of the Company's common stock as of the record date in a ratio of one share of dividend stock in the subsidiary to be spun off
, for every 300 shares of common stock owned in Nutek Inc.