Will Issue Shares to Existing Shareholders
Anything Brands Online, Inc. (Pinksheets: ANYT) announced today that its Board of Directors has authorized a plan to spin-off its Anything Green business from Anything Brands Online, Inc. in a transaction that will result in two independent and highly focused public companies.
“The separation will enable the company to improve its business focus and competitive edge in their respective business segments. Anything Green Online has developed at a rapid pace and the move will provide the organizational structure designed to achieve the marketing objectives as clearly defined by recent public announcements,” stated Tim Norton Executive in charge of Anything Brands Operations.
Each company will operate with additional management teams and details regarding management structure and share distribution to existing shareholders will be disclosed by the Board of Directors by November 30, 2009.
Disclosure: No position in the stock of Anything Brands; see our disclaimer page
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