PWLK Powerlock International Corporation (CE)

Powerlock International Corp. (Pink Sheets: PWLK) announced a 10-for-1 forward split of its common stock with record date July 21, 2006, and payment date July 22, 2006. Shareholders of record on July 21, 2006, will have the right to receive a share dividend of nine shares on each share owned; shareholders of record on July 22, 2006, will be entitled to be paid such dividend. Powerlock was awaiting notification from NASDAQ on the x-date for the split; the effect of the dividend is now reflected in the current price and has a marked improvement from its value yesterday. The forward split was proposed by a resolution of the company's board of directors and approved by majority shareholder consent without a meeting, in accordance with Nevada law. Forward-Looking Statements Certain statements contained in this press release are forward-looking statements that involve risks and uncertainties. The statements contained herein that are not purely historical are forward-looking statements. Forward-looking statements deal with the company's current plans, intentions, beliefs and expectations and statements of future economic performance. Statements containing terms like "believes," "does not believe," "plans," "expects," "intends," "estimates," "anticipates" and other phrases of similar meaning are considered to imply uncertainty and are forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties that may cause the company's actual results in future periods to differ materially from what is currently anticipated. Factors that could cause or contribute to such differences include those discussed from time to time in reports filed by the company with the Securities and Exchange Commission. The company cannot guarantee its future results, levels of activity, performance or achievements.