MIAMI--(BUSINESS WIRE)--Nov. 17, 2009--
World Fuel Services Corporation (NYSE:INT)
announced today that its Board of Directors has approved a two-for-one
stock split of its common stock. The record date for the stock split is
November 30, 2009. Shareholders of record on that date will receive one
new share of common stock for each share owned. The distribution of
shares to be issued pursuant to the stock split will be made on or about
December 7, 2009.
“We remain focused on executing our long-term strategy, providing a
superior offering to our customers and improving our global supply
relationships,” stated Paul H. Stebbins, chairman and chief executive
officer of World Fuel Services Corporation. “We believe that the stock
split will improve the liquidity in our stock and represents our
continued commitment to enhancing shareholder value,” stated Ira M.
Birns, executive vice president and chief financial officer.
About World Fuel Services Corporation
Headquartered in Miami, Florida, World Fuel Services is a global leader
in the marketing and sale of marine, aviation and land fuel products, as
well as related services. World Fuel Services sells fuel and delivers
services to its clients at more than 6,000 locations in more than 190
countries, including airports, seaports, tanker truck loading terminals
and other customer storage locations. With 44 strategically located
global offices (including satellite offices), World Fuel Services offers
its clients a value-added outsource service for the supply, quality
control, logistical support and price risk management of marine,
aviation and land fuel.
The Company’s global team of market makers provides deep domain
expertise in all aspects of marine, aviation and land fuel management.
World Fuel Services’ marine customers include international container
and tanker fleets and time-charter operators, as well as the United
States and foreign governments. Aviation customers include commercial
airlines, cargo carriers and corporate clientele, as well as the United
States and foreign governments. Land customers include petroleum
distributors, retail petroleum operators, and industrial, commercial and
government accounts. For more information, call 305-428-8000 or visit http://www.wfscorp.com.
Information Relating to Forward-Looking
Statements
With the exception of historical information in this news release, this
document includes forward-looking statements that involve risks and
uncertainties, including, but not limited to, quarterly fluctuations in
results, the creditworthiness of customers and counterparties and our
ability to collect accounts receivable and settle derivatives contracts,
fluctuations in world oil prices or foreign currency, changes in
political, economic, regulatory, or environmental conditions, adverse
conditions in the markets or industries in which we or our customers
operate, our failure to effectively hedge certain financial risks
associated with the use of derivatives, non-performance by
counterparties or customers on derivatives contracts, the integration of
acquired businesses, uninsured losses, our ability to retain and attract
senior management and other key employees and other risks detailed from
time to time in the Company’s Securities and Exchange Commission
filings. Actual results may differ materially from any forward-looking
statements set forth herein.
Source: World Fuel Services Corporation
World Fuel Services Corporation, Miami
Ira M. Birns, Executive Vice
President & Chief Financial Officer
or
Francis X. Shea,
Executive Vice President & Chief Risk and Administrative Officer,
305-428-8000
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