Tri-Star Holdings, Inc. (TSHL.PK) Announces Dividend, Addresses Share Structure
TRI-STAR HOLDINGS, INC. announced the Company's Board of Directors convened a special meeting to unanimously approve a 1 for 10 share dividend. Shareholders will receive one share of restricted common stock for every ten shares held on the as-of-yet-undetermined record date to be scheduled in accordance with NASD rules and the company's transfer agent. Additionally, management announced that it has begun negotiations with two independent acquisition targets including the company's first international target. Management anticipates announcing one or more executed letters of intent in the very near future, to be followed by definitive agreements. Negotiations are still under way, but…