MONROVIA, Calif., Nov. 5, 2014 (GLOBE NEWSWIRE) -- Everlert, Inc. (the "Company") (OTC:EVLI), announced today that the Company received approval from FINRA to issue to shareholders of record on November 3rd, a ten percent (10%) dividend from a newly designated class of Preferred Stock, "Class E" (the "Preferred Stock"). The Nevada Secretary of State also approved the newly designated Preferred Stock on November 3, 2014 and the Board of Directors instructed the Company's transfer agent to set up a reserve of 20,422,000 shares of its common stock to fulfill the future conversion of its Class "E" Preferred Stock.
Each Preferred Stock is convertible into one common share after a one year hold period upon the Company receiving written notice and possesses voting rights equivalent to one share of common stock. Shareholders will receive one Preferred Share for every ten common shares, or 10%, that they own as of the ex-dividend date and date of record, which are both November 3, 2014. No action is required by shareholders to participate in the dividend.
Everlert, Inc. is in the business of Mail Management solutions and management through Totalpost Services, Inc., it is one of the most prominent providers of quality ink cartridges in the U.S. postage meter industry. Pitney Bowes, Neopost/Hasler, FP are a few of the meter cartridge manufactures that Everlert produces and distributes compatible cartridges for their machines. Virtually all U.S. based businesses use a postage meter cartridge on a daily basis to fulfill their mailing needs, creating a large demand for our quality cartridges. The Company has also recently started an entertainment segment named Everlert Entertainment LLC that is focused on developing multiple entertainment projects that range from holding music rights, producing movies, utilizing top celebrities to promote products, and developing disruptive new entertainment technologies.
Totalpost's brand and reputation is expanding into other highly profitable business markets such as mailroom equipment, mailroom services, returned mail recycling, disaster planning and recovery for the mail recovery functionality for companies, and its Forensic and Security Division for representation of its line of forensic and security x-ray scanning equipment. Our purpose is to create added value through enhancements and other improvements. Everlert, Inc. is a Nevada corporation and its corporate operations are located in Monrovia, California.
You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as "will,'' "anticipates,'' "believes,'' "plans,'' "goal,'' "expects,'' "future,'' "intends,'' and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release.
CONTACT: Everlert, Inc. 825 South Primrose Avenue, Suite A Monrovia, California 91016 Tel: (626) 263-5940 Fax: (626) 739-5754 www.everlert.netSource:Everlert Inc.