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InternetArray, Inc.: InternetArray Provides Update on Special Stock Distribution

^{Published on 2009-08-13 06:28:34, Last Modified on 2009-08-13 06:28:43 - Market Wire}
 

NEW YORK, NY--(Marketwire - August 13, 2009) - InternetArray, Inc. (PINKSHEETS: [ INAR ]), today confirmed the special stock distribution to the shareholders of record as of August 31, 2009 is proceeding. All shareholders of record will receive one (1) additional share of common stock for every ten (10) common shares held. The new shares will be distributed in certificate form only and bear a restrictive legend under Rule 144 of the Securities Act of 1933.

The Company plans to execute the special stock distribution as soon as practical after the record date.

In response to shareholder inquiries regarding the Special Stock Distribution, please note that trades for shares bought in the open market transactions prior to the record date must be settled trades on or before August 31, 2009 in order to receive the distributed shares.

About InternetArray, Inc. ([ www.internetarray.com ])

InternetArray, Inc. provides guidance and investment for innovative, early stage Internet companies. The Company's mission is to identify and develop collaborative business partners into viable and profitable companies.

This press release may contain certain statements that are not descriptions of historical information, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934. These forward-looking statements refer to matters that involve risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated.