Pages, Inc. Announces
Tampa, Fla., Jan. 7 /PRNewswire/ -- PAGES, Inc. (OTC Bulletin Board:
PAGZ) today announced that a Special Stockholders Meeting will be held on
February 18, 1999, to vote on a proposal to approve a 1 - for - 20 reverse
stock split in which stockholders of the Company who own twenty or more shares
will be deemed to own one new share for every twenty shares previously owned.
Stockholders owning less than twenty shares will be deemed to own a fractional
new share interest and the Company will pay in cash the fair value of
fractional new share interests owned following the reverse split based on the
trading price of the common stock immediately after the reverse split. If
approved by the stockholders, the effective date and the record date of the
reverse stock split will be at least ten days after the stockholders' meeting
on a date determined by the Company and subsequently announced. The
stockholders will also vote on a proposal to change the Company's name from
Pages, Inc. to Media Tech, Inc.
Pages, Inc., through Pages Library Services, Inc., its wholly-owned
subsidiary, operates Junior Library Guild, a subscription service that
distributes first print, hard cover award winning children's books.
The preceding contains a "Safe Harbor" statement under the Private
Securities Litigation Reform Act of 1995. The statements contained in this
release that are not historical facts are forward-looking statements. Actual
results may differ from those projected in the forward-looking statements.
These foward-looking statements involve risks and uncertainties. Investors
are also directed to other risks discussed in documents filed by the Company
with the Securites and Exchange Commission. The Company assumes no obligation
to update the information included in this presentation.
SOURCE Pages, Inc.
-0- 01/07/99
/CONTACT: Randall J. Asmo, Vice President, Pages, Inc.,614-793-8749/
(PAGZ)
