NEW YORK, Sept. 27, 2011 /PRNewswire/ -- Pegasus Tel,
Inc. (PTEL: OTCBB), a company specializing in the sales and
marketing of social media, video technology, and on-line streaming
video platforms, announced today a 4% forward stock split of the
Company's common shares. The record date for the forward split will
be tomorrow September 28, 2011
(Official Record Date) which means all PTEL common stock
shareholders of record at open of business that date will receive
4% additional shares in Pegasus Tel. The appropriate
paperwork for the forward split was filed online with FINRA on
September 26, 2011. This corporate
action is subject to final FINRA approval.
"This stock split is another step forward in our evolution as a
company and credible enterprise," stated Pegasus CEO
Anthony DiBiase. "The
deadline for the forward stock split is close of business today
September 27, 2011 because we plan on
moving rapidly with this corporate action towards improved
liquidity and value of the stock for all our shareholders."
Pegasus Tel, Inc., corporate headquarters of
MusicMatrix.com, recently announced a dramatic re-launch of
their premiere music web site featuring new design features and
content for the social networking and interactive platform.
MusicMatrix.com provides the ultimate destination for
artists, directors, producers, video editors and music fans
worldwide to upload, direct, edit and showcase music videos.
The updated site will promote free membership options and
simplify the sign-up process. Free members will now have access to
the site's user-friendly editor and ability to enter music video
contests.
ABOUT PEGASUS TEL, INC. (PTEL:OTCBB)
Pegasus Tel, Inc. is a global leader in web based
technology solutions and corporate headquarters of
MusicMatrix.com. The primary goal of the Company's
projects is focusing on constant innovation in emerging technology
areas. We believe that our corporate partners will get only the
best when they work with us. PTEL web based projects
engage users with the core features of everyday life through
innovative video streaming, web-based and mobile applications. We
market and refine products from emerging technologies like mobile
and social media, which enable our users to stay in 'constant
connection' with their users through relevant and unique online
marketing initiatives. Our solutions allow customers, employees,
constituents, and shareholders to engage, communicate, connect and
grow with others that share similar interests. Whether you are
using a smartphone, a computer, or a tablet, PTEL's
technology and platforms provide you with the optimal experience
that you are looking for in an online platform. For more
information on Pegasus Tel, please visit www.ptelcorp.com.
This press release contains "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended and such forward-looking statements are made pursuant to
the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. You are cautioned that such statements are
subject to a multitude of risks and uncertainties that could cause
future circumstances, events or results to differ materially from
those projected in the forward-looking statements as a result of
various factors and other risks. You should consider these factors
in evaluating the forward-looking statements included herein, and
not place under reliance on such statements. The forward-looking
statements in this release are made as of the date hereof and
Pegasus Tel, Inc. under take no obligation to update such
statements.
CONTACT:
info@ptelcorp.com
SOURCE Pegasus Tel, Inc.
