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Healthnostics Provides Alert, DTC Update, and Special Distribution Clarification(May 22, 2012)
NEW YORK, NY -- (Marketwire) -- 05/22/12 -- Healthnostics, Inc. (PINKSHEETS: HNSS) today provided an alert that a significant, beneficial, and imminent development regarding a major corporate asset will be announced as final details are completed.
Healthnostics, Inc. received notice that the Depository Trust Company ("DTC") deposit chill on its common stock may be appealed by the Company. Therefore, an appeal is being filed.
Regarding the Special Distribution of InternetArray's (PINKSHEETS: INAR) common stock being distributed by May 31, 2012, shareholders should be aware that selling record-date stock prior to receiving the Distribution shares could result in the Distribution shares being forwarded to the acquiring brokerage account.
The Special Distribution was enacted to give Healthnostics shareholders the opportunity to participate in future InternetArray projects such as the recently-announced spinoffs of BidSellBuy, Inc., and Premier Gold Traders, Inc. This special distribution of InternetArray, Inc. common stock will entitle each Healthnostics stockholder to also receive pro rata shares of the INAR spinoffs. The spinoff companies are expected to be traded as fully reporting Over-the-Counter Bulletin Board (OTCBB) stocks.
Both companies seek to identify and develop collaborative internet-based business partners into viable and profitable companies. While Healthnostics, Inc. focuses on the healthcare technology market sector, InternetArray is broader based. Both companies share the same management and, in certain cases, the same major shareholders. Management believes this transaction will allow greater collaboration between the companies and the sharing of resources.
For more information about InternetArray, Inc., go to (www.internetarray.com)
InternetArray, Inc. provides guidance and investment for innovative, early stage Internet companies. The Company's mission is to identify and develop collaborative business partners into viable and profitable companies.
This press release may contain certain statements that are not descriptions of historical information, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934. These forward-looking statements refer to matters that involve risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated.
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