Hotel Company Reports Reverse/Forward Split

Arlington Hospitality Inc., a hotel development and management company based in Arlington Heights, Ill., has announced the recent completion of a 1-for-100 reverse stock split, followed by a 100-for-1 forward split.The reverse/forward split will enable the company to completely redeem, for $3.83 per share in cash, the shares of common stock owned by stockholders holding less than 100 shares on the Nov. 28 effective date, Arlington said. The company said it expects to purchase 35,000 shares from approximately 900 stockholders. The reverse/forward split is aimed at "reducing the company's administrative costs and allowing holders of less than 100 of the company's shares to receive cash for their shares without incurring transaction costs," Arlington said. The company can be found online at http://www.arlingtonhospitality.com.