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News Release


Form 8-K for NOVORI INC.


13-Feb-2007

Other Events


Item 8.01 Other Events

On January 26, 2007 the board of directors of Novori Inc. (the "Company") resolved to effect a 2:1 forward split of the Company's stock by way of a declaration of dividend in kind on February 9, 2007. The forward split has been approved by the NASD. The details of the transaction are as follows:

º The record date shall be February 9, 2007;
º The payment date shall be February 16, 2007. The shares will be mailed on this date without any action required on the part of the shareholders;
º The ex-dividend date shall be February 20, 2007.
º The dividend will attach to the share on the record date. Shareholders that sell their shares between the record date and the ex-dividend date are in effect selling the right to receive a dividend.
º The ratio of the distribution is to be 2:1 meaning that for every share owned by a shareholder, another identical share will be issued (identical class, restrictive/non restrictive status, issue date);

As at the record date there are 12,878,625 shares of the company's common stock issued. After the split, there will be 25,757,250 shares of the company's common stock issued.

 



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