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Trinsic, Inc. Announces Results of Special Meeting of StockholdersTAMPA, Fla. --(Business Wire)-- Sept. 23, 2005 -- Trinsic, Inc. (NASDAQ/SC: TRINC), a leading provider of enhanced wireline and broadband telecommunications services, announced today that its stockholders, at a special meeting of its stockholders held today, approved its previously announced conversion of its Series H Preferred Stock into common stock (the "Conversion") and amendment of its charter to effect a reverse stock split of Trinsic's common stock with the ratio determined by Trinsic's board of directors. The Conversion is scheduled to occur on September 30, 2005, and the reverse stock split is scheduled to take effect on September 26, 2005. The board of directors of Trinsic has determined that the reverse stock split ratio referred to in the proceeding paragraph will be 10 for 1, and that the record date for the reverse stock split be as of the close of business on September 23, 2005, which will be the effective time of the reverse stock split. Trinsic will begin trading on a post reverse split basis on September 26, 2005, under the symbol TRNCD. This press release contains forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "estimate," "expect," and "projects" signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties. Some of these risks and uncertainties are identified in our periodic filings with the Securities and Exchange Commission. Should any risks or uncertainties develop into actual events, these developments could have material adverse effects on Trinsic's business, financial condition, and results of operations. We assume no obligation to update these forward-looking statements. About Trinsic Trinsic offers consumers and businesses nationwide enhanced wire line and broadband telecommunications services. All Trinsic products include proprietary services, such as Web-accessible, voice-activated calling and messaging features that are designed to meet customers' communications needs intelligently and intuitively. Trinsic is a member of the Cisco Powered Network Program and makes its services available on a wholesale basis to other communications and utility companies, including Sprint. For more information about Trinsic and its innovative services, please visit www.trinsic.com. |
