Shares of Monster Offers (OTC:MONT) hit a new 52-week high today on heavy volume after announcing a recent interview by the CEO and issuing a dividend to shareholders. In early trading, Monster Offers jumped 7 percent, or 9 cents per share, to $1.37 per share on volume of more than 1 million shares compared to its average daily volume of about 560,000 shares. Monster Offers has a market cap of $44 million and a 52-week range between $0.97 and $1.37 per share.
The Company conducted an interview with Wall Street Reporter as part of its CEO Interview series. The full podcast of the interview will soon be available at www.wallstreetreporter.com in the Audio MP3 digital format.
“Wall Street Reporter wanted to learn more about our dividend announcement last week and underlying acquisition strategy,” said Paul Gain, Monster Offers CEO who completed the 15-minute interview. On November 18, 2010, the Board of Directors approved a one-half-for-one (0.5:1) common stock dividend (the "dividend") of the Company's issued and outstanding common stock, par value $0.001, with a record date of December 1, 2010 and a payment date of December 2, 2010. Each shareholder will receive a dividend of one (1) common share for every two (2) shares owned on the record date.
“Since I joined Monster Offers just two months ago, we have refocused our efforts around the emerging social commerce and the Deal of the Day space. This has resulted in significant traction in the marketplace,” said Gain.
“We encourage current and potential shareholders to listen to this interview,” said Gain, “as they will get a better understanding of why we issued a stock dividend and how we plan to launch new revenue generating social commerce initiatives. In our opinion, issuing a stock dividend is perhaps the best way to reward our shareholders at this time, while also arming the company with a significant amount of shares to do strategic acquisitions.”
Since the launch of the new Website, Monster Offers has been contacted by many new age social commerce companies, and is poised to follow through with strategic acquisition discussions and due diligence with those candidates that are profitable, stable and well-positioned for rapid growth in the near-term future.
Monster Offers is an emerging online technology company specializing in social media commerce and advertising solutions for large Companies and Non Profit Organizations.
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