DALLAS, TX -- (MARKET WIRE) -- May 16, 2007 -- SkinzWraps, Inc. (PINKSHEETS: SKZW), a full-service vehicle wrap company, announces today that its Board of Directors has approved a 2 for 1 forward stock split of the Company's common stock. The record date of the stock split is May 17, 2007. Each shareholder will receive two (2) additional shares for every outstanding share held as of the date thereof. The payment date for the additional shares will be May 21, 2007 with distribution of the new shares to also occur on or about May 21, 2007. Shareholders who hold free trading shares in brokerage accounts will be credited automatically by the transfer agent, and shareholders of restricted shares will have certificates sent directly to them by the transfer agent.
The Board of Directors believes that this action will increase shareholder value and create more trading liquidity. The stock split will not change shareholders' existing proportionate ownership.
For more information on SkinzWraps, Inc. please visit the company website at: http://www.skinzwraps.com
About SkinzWraps, Inc.
SkinzWraps, headquartered in Dallas with locations in Los Angeles, Miami, New York and North Carolina, is one of the nation's leading full-service vehicle wrap companies. SkinzWraps pioneered the concept of "wrapping" vehicles and continues to push this type of outdoor marketing to a new level. Its clients include: Sony Records, American IronHorse, Pepsi America, WingStop, Coors Light, United States Marine Corps, Hooters, Scion of Dallas, Clear Channel Communications, Universal Records, Auto Trader, The Luxor Hotel, CBS Radio, CompUSA and Earth Biofuels. For more information, visit the company's website at http://www.skinzwraps.com
Forward-Looking Statements Disclosure
Forward-looking statements involve risks and uncertainties. This press release may contain "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Actual events could differ materially and substantially from those projected herein and depend on a number of factors.