Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News
SYS-CON.TV
Cloud Expo & Virtualization 2009 East
PLATINUM SPONSORS:
IBM
Smarter Business Solutions Through Dynamic Infrastructure
IBM
Smarter Insights: How the CIO Becomes a Hero Again
Microsoft
Windows Azure
GOLD SPONSORS:
Appsense
Why VDI?
CA
Maximizing the Business Value of Virtualization in Enterprise and Cloud Computing Environments
ExactTarget
Messaging in the Cloud - Email, SMS and Voice
Freedom OSS
Stairway to the Cloud
Sun
Sun's Incubation Platform: Helping Startups Serve the Enterprise
POWER PANELS:
Cloud Computing & Enterprise IT: Cost & Operational Benefits
How and Why is a Flexible IT Infrastructure the Key To the Future?
Click For 2008 West
Event Webcasts
Hemp, Inc. Updates Stockholders on Benefits/Rules Regarding its Spin-offs

LAS VEGAS, Dec. 24, 2012 /PRNewswire/ -- Hemp, Inc. has developed an extremely diversified business plan since its inception, and as the company has grown, it has reached the point where the Company needs to narrow its focus. Many of Hemp, Inc.'s divisions have developed extremely promising products that no longer match the direction of the Company. Rather than closing these divisions and miss opportunity, the management has decided to spin-off these companies, leaving its investors with question... particularly what it means to them and to Hemp, Inc.

(Logo: http://photos.prnewswire.com/prnh/20121107/LA08133LOGO)

To clarify, a spin-off can occur when a company takes one of its divisions and completely separates it from the parent company, allowing the new public company to grow on its own (separate from the parent company). It, however, is not simply a give-away. Since the parent company owns most or all of the stock in the spin-off, the shareholders of the parent company directly benefit because the stock in the spin-off, that is owned by the parent company, is reissued to the shareholders of record, of the parent company, in the same percentage that the shareholder owns in the parent company. For example, if a shareholder of Hemp, Inc. owns 1% of the total shares of Hemp, Inc., then 1% of the stock owned by Hemp, Inc. in the spinoff company will be issued to that shareholder. It is important to understand that the shareholder does not receive the same number of shares, but rather the same percentage of shares that they own in HEMP, Inc. Per regulation, this must be done at no cost to the shareholder, and it will be true of each individual company that is spun-off.

Once spun-off, the newly created spin-off company is complete, and the shareholders of the new company elect a new Board of Directors. The new Board then selects officers to run the company. At this point, Hemp, Inc. no longer is involved in the spin-off company and the new company is unhindered by what Hemp, Inc. does. Shareholders or record of Hemp, Inc. will benefit in at least three ways: They will receive new shares of stock in new and more focused public corporations; Hemp, Inc. becomes more focused and more nimble; and since Hemp, Inc. has negotiated contracts with the spin-offs that will allow Hemp, Inc. to take advantage of their product development by benefits ranging from favored nation pricing to marketing agreements for the products when they enter the market, it is likely that Hemp, Inc. revenues will increase and the bottom line to follow.

Hemp, Inc. has currently created a very innovative and powerful marketing strategy never before employed in marketing history. Hemp, Inc.'s CEO, Bruce Perlowin calls it "cooperative quantum marketing."  According to Perlowin, this is a new socio-economic paradigm, which has been developing over the last 15 years, reached its complete maturity on December 21, 2012.  The record date, which is the date that everyone on the company's books as a shareholder is determined to receive the stock in the new spin-off company, is tied to the date when the new trading symbols will be issued for the spin-offs. Those dates will be determined by regulators, and while Hemp, Inc. management is working diligently toward that end, the exact date has not yet been set.

Since regulators have not yet solidified the record date, there is opportunity for more shareholders to benefit and receive additional stock, in the spin-offs, past the initial anticipated date of November 21, 2012.

Management will continue to release news regarding the spin-offs as it is pertinent.

Hemp, Inc.'s TRIPLE BOTTOM LINE

Hemp, Inc. (OTC: HEMP) seeks to benefit many constituencies, not exploit or endanger any group of them. Thus, the publicly-traded company believes in "upstreaming" of a portion of profit from the marketing of their finished hemp goods back to its originator. By Hemp, Inc. focusing on comprehensive investment results—that is, with respect to performance along the interrelated dimensions of people, planet, and profits— our triple bottom line approach can be an important tool to support sustainability goals.

 

              

SOURCE Hemp, Inc.

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Cloud Developer Stories
DevOps Summit 2015 New York, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The widespread success of cloud computing is driving the DevOps revoluti...
What do a firewall and a fortress have in common? They are no longer strong enough to protect the valuables housed inside. Like the walls of an old fortress, the cracks in the firewall are allowing the bad guys to slip in - unannounced and unnoticed. By the time these thieves get...
The 3rd International @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The Internet of Things (IoT) is the most profound change in person...
The Internet of Things is not new. Historically, smart businesses have used its basic concept of leveraging data to drive better decision making and have capitalized on those insights to realize additional revenue opportunities. So, what has changed to make the Internet of Things...
Cochlear Limited, the global leader in implantable hearing solutions, has selected AppZero for easy migration of its Microsoft Windows Server 2003 applications, a major priority for IT organizations before Microsoft ends support on July 14, 2015. AppZero software enables server ...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021



SYS-CON Featured Whitepapers
ADS BY GOOGLE