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| | Markland Technologies, Inc. - Markland Technologies Provides Further Update on Dividend of Technest Holdings Common ... |
 | | On August 16, 2005, the Markland board of directors approved the distribution of $10 million of Markland's shares of Technest common stock, up to a maximum of 2.5 million shares, to holders of Markland common stock. |
 | | On March 8, 2007, in order to ensure that the previously declared dividend is paid with respect to all 500 million outstanding shares of Markland common stock, the Markland board amended the record date for the distribution from May 1, 2006 to the effective date of the registration statement. |
 | | Pursuant to this agreement, Markland is required to issue its former holders of Series D Preferred Stock 288,633 shares of Technest common stock. |
| new.marketwire.com /2.0/rel.jsp?id=727526&sourceType=1 (1064 words) |
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