Sector 5, Inc. (OTCQB: SFIV) is engaged in the development, manufacturing, and marketing of consumer electronics and brands. Shares of the consumer electronics company are rallying 7.14%, during afternoon trading on Wednesday, April 26, 2017. Over the past month, Sector 5, Inc. has seen average daily volume of 47 shares. However, volume of 3,600 shares or dollar volume of $5,400, has already exchanged hands on Wednesday.
Shares of Sector 5, Inc. are rallying after the company announced it will conduct a forward stock split, which will feature a 3-for-1 basis. Furthermore, large controlling interests in the company have retired 14 million of their 15 million shares, in exchange for 1 million shares of Class A preferred stock. Here is the full press release detailing of the stock split and share reduction:
Sector 5, Inc. Press Release:
ALEXANDRIA, VA–(Marketwired – Apr 26, 2017) – Sector 5, Inc. (OTCQB: SFIV) announces the following actions:
- Effect a forward stock split on a 3-for-1 share basis (the “Forward Split”). The total issued will be 24,000,000 of common stock
- The controlling interest in Sector 5 has retires 14,000,000 of its 15,000,000 shares in exchange for 1,000,000 shares of Class A Preferred stock
The stock split will be for all shareholders of record. Once all the documentation is finalized with the various regulators, Sector 5 will send out additional information.
About Sector 5, Inc.
Sector 5, Inc. (OTCQB: SFIV), is a Proud American Corporation that sells, manufactures and develops new innovative consumer electronics under Sector 5 and other brands. The Company markets its partnership with Google approved Chromebooks to educational organizations, other B2B and B2C sales channels, with retail sales on Amazon. It is in development of several new products to serve the educational, business and retail markets. Follow the company on www.twitter.com/sectorfiveinc and www.facebook.com/sect5 and find further information at www.sector-five.com. For Sector 5’s Forward Looking Statements, click here.