NEWS:


Syndication Inc. Board of Directors Declares a 5% Common Stock Dividend; Declaration Date March 1st, 2009


2009-03-02 00:01 EST - News Release


DAMASCUS, Md., March 2 /PRNewswire-FirstCall/ -- Syndication Inc., , reports that on March 1st, 2009, the BOD of Syndication voted to approve a 5% Restricted Common Stock Dividend for all shareholders of record as of 60 days from the date of March 1st, 2009, (Official Record Date is April 29th, 2009). On this date, (April 29th, 2009), the shareholders of record will receive a restricted stock dividend equivalent to 5% of their recorded shareholdings. The shares will be restricted for a period of 1 year and will be eligible for free trading on that anniversary date.


"I am excited that the board has ratified this action and grateful that the Company can do this for its strongest supporters. It is the intent of the Company to reward our shareholders for their continued interest and support, as well as establishing policy designed to encourage a long term investment posture. It is my position, depending on the results and reception of this first Stock Dividend, to recommend that the Board consider establishing policy that routinely pays a Stock Dividend of at least 1% on a quarterly basis," said Sorrentino, the CEO of Syndication. The Company indicates that more news on the developments in the green energy program and the Sy-Med Spinal Decompression Division are pending.