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BETHESDA, MD (August
6, 2003) - Chindex International, Inc. (NASDAQ: CHDX
- News) (the “Company”) today announced that its Board
of Directors has unanimously approved a two-for-one split of the Company’s
Common Stock, including its Class B Common Stock. Stockholders of
record as of the close of business on August 18, 2003 will receive
one additional share of Common Stock for each share owned on that
date in the form of a stock dividend. Certificates representing the
additional shares of Common Stock will be distributed on or about
September 2, 2003.
The effect of the stock split will
be to increase the number of outstanding shares of the Common Stock,
excluding the Class B Common Stock, from approximately 740,000 shares
to approximately 1.5 million shares and to increase the number of
outstanding shares of the Class B Common Stock from 193,750 shares
to 387,500 shares.
Roberta Lipson, Chairperson of the
Board of Directors and Chief Executive Officer, stated, “This
stock split reflects both the recent strong performance of our stock
and our confidence in the Company’s prospects for further growth
and is intended to improve market liquidity for our stockholders and
to lead to wider ownership.”
The Company is a leading American
company in healthcare in the Chinese marketplace including Hong Kong.
It provides representative and distribution services to a number of
major multinational companies including Siemens AG (diagnostic color
ultrasound scanners under the Acuson and Siemens brand names), Becton-Dickinson
(including vascular access, infusion and critical care systems), Johnson
& Johnson (clinical chemistry analyzers), and Guidant (interventional
cardiology products including stents, balloon catheters, and guide
wires). It also provides healthcare services through the operations
of its private hospital corporation in China. With twenty years of
experience, more than 600 employees, and operations in the United
States, China and Hong Kong, the Company’s strategy is to expand
its cross-cultural reach by providing leading edge healthcare technologies,
quality products and services to China's professional communities.
Further company information may be
found at the Company’s websites, www.chindex.com and www.unitedfamilyhospitals.com.
The statements in this
press release that relate to future plans, events or performance are
forward-looking statements that involve risks and uncertainties. These
statements are based on management's beliefs and assumptions, and
on information currently available to management. These statements
involve certain known and unknown risks, uncertainties and other factors
which may cause the Company's actual results, performance or achievements
to be materially different from any future results, performance or
achievements expressed or implied by these forward looking statements.
These factors include,
among others, the Company's ability to effect the stock split; changes
in the market price of Common Stock and other market conditions; requirements
of Nasdaq; and any uncertainties relating to business, economic and
political conditions in market in which the Company operates. Readers
are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date hereof. The Company undertakes
no obligation to release publicly the result of any revisions to these
forward-looking statements that may be made to reflect events or circumstances
after the date hereof or to reflect the occurrence of unanticipated
events.
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