Silicon Mountain Holdings Announces Two-for-One Stock Split

Fri Aug 15, 2008 9:29pm EDT
 
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BOULDER, Colo., & LOS ANGELES--(Business Wire)--
Silicon Mountain Holdings, Inc., (OTCBB: SLCM), a technology
company specializing in high performance interactive computing
solutions, today announced that its Board of Directors has declared a
2-for-1 stock split of the Company's common shares. The split will
increase the number of the Company's common shares outstanding to
approximately 13.06 million from approximately 6.53 million.

   Shareholders will receive one additional share of the Company's
common stock for every share held on the record date of August 29,
2008. The additional share will be delivered to shareholders on or
about the effective date of September 2, 2008 by the Company's
transfer agent, Computershare Investor Services. The Company expects
that it will begin trading at its split-adjusted price beginning on
September 2, 2008.

   "As we indicated earlier this year, Silicon Mountain Holding's
diversification into higher-growth, higher margin industries such as
gaming, servers and online backup storage services is beginning to
make progress," said Tre Cates, President and Chief Executive Officer
of Silicon Mountain Holdings, Inc."This initial success followed by
today's stock split represents our commitment to increasing
shareholder value and our belief in the future outlook of the Company.
We expect that the increase in outstanding shares should improve the
liquidity of our stock and serve to attract a broader spectrum of both
institutional and individual investors."

   To be added to Silicon Mountain's investor lists, please contact
Haris Tajyar at htajyar@irintl.com or at 818-382-9702.

   About Silicon Mountain Holdings

   Silicon Mountain Holdings, Inc. (OTCBB: SLCM) is a technology
company specializing in high performance interactive computing
solutions. The Company has a strong portfolio of product brands and
services that address the storage and security demands of the digital
media age. Silicon Mountain has recently announced the 3rd quarter
launch of online backup and is making the transition from low-margin
memory components to higher-margin devices, systems and services.
Additional news and information about the company is available at
http://www.slcmholdings.com.

   Forward Looking Statements: This release contains forward-looking
statements that involve risks and uncertainties. Silicon Mountain's
actual results may differ materially from the results discussed in the
forward-looking statements. Factors that might cause such a difference
include, among others, certain risks and uncertainties over which the
company may have no control. For further discussion of such risks and
uncertainties, which could cause actual results to differ from those
contained in the forward-looking statements, see the discussions
contained in Silicon Mountain's Annual Report on Form 10-KSB for the
year ended December 31, 2007 and any subsequent SEC filings.

AT INVESTOR RELATIONS INTL:
Haris Tajyar, 818-382-9702
Managing Partner
htajyar@irintl.com
or
AT SILICON MOUNTAIN HOLDINGS:
Tre' Cates, 303-938-1155
President and Chief Executive Officer
tcates@smmdirect.com

Copyright Business Wire 2008

 

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