Parks! America Provides Instructions to Shareholders Converting Paper Stock Certificates to Book Entry
PINE MOUNTAIN, Georgia, May 22, 2024 (GLOBE NEWSWIRE) -- Parks! America, Inc. (OTCPink: PRKA) (“Parks! America” or the “Company”), a leading operator of regional safari parks in
the United States, today provided Parks! America shareholders detailed instructions outlining the process of converting their paper stock certificates to book entry or electronic recordkeeping
format.
We believe the benefits of holding any stock, including Parks! America, Inc., in electronic format are compelling. As such, through September 27, 2024, current management of the Company is committed to covering the normal administrative cost charged by its transfer agent, Securities Transfer Corporation (“STC”), for shareholders who elect to make this transition during this offer window. We cannot ensure that this commitment will continue if Focused Compounding succeeds in ousting the current Board at the Company’s June 6, 2024 Annual Meeting of Stockholders.
Book Entry Conversion Instructions
1. Scan, photocopy or take a picture of each of your Parks! America, Inc. paper stock certificate(s). Retain these images for your records.
2. Prepare a short letter of instruction to STC, see Exhibit A for an example instruction letter.
3. Mail the instruction letter and your ORIGINAL Parks! America, Inc. paper stock certificate(s) to STC:
Securities Transfer Corporation
Attn: Operations Department
2901 N. Dallas Parkway, Suite 380
Plano, Texas 75093
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DO NOT sign the back of your stock certificate(s). (Note, if you would like to transfer some or all your Parks! America, Inc. stock to another party, please contact STC at (469) 633-0101 or access the STC forms webpage here).
4. To allow for tracking this mailing, we suggest the following options:
- USPS Priority Mail, Flat Rate Envelope
- FedEx One-Rate Envelope
- United Parcel Service (UPS) Envelope
Allow 7-14 business days for STC to complete the process once the certificates are received. The process of conversion to book entry format is a first step toward being able to trade currently paper certificated Parks! America shares in the public market. In the coming weeks, we will update on the process of removing the RESTRICTED legend for those who are eligible. This process is a second step toward being able to trade currently paper certificated Parks! America shares in the public market.