KRILLINFO HOLDINGS INC. ANNOUNCES GIFT TO MEDALLION FOUNDATION
Commerce Wire Copyright © 2002
SAN DIEGO—COMMERCE WIRE—March 3, 2—. KrillInfo Holdings, Inc.(NASDAQ: KRIL), a Delaware corporation, today announced a gift of two hundred thousand shares of its common stock to the La Jolla-based Medallion Foundation.
Since its initial public offering early last year, the company’s stock price has increased steadily, currently trading at $24 per share. Melissa Peters, former general counsel and current COO of KrillInfo, as well as wife of the company’s founder, Jason Krill, said the gift is in fulfillment of a longtime pledge to use the fruits of the company’s success for benevolent social purposes. “We would like to see the money go to extend technology into America’s classrooms,” Peters said, “but there are no strings attached. We trust the foundation to use the gift as they see fit.”
Rebecca Weston, codirector of the Medallion Foundation, says she sees no problem using the gift as Krill and Peters suggest. “We at Medallion are very excited—and very grateful—to have the chance to bring the entrepreneurial spirit of the Internet into the schools,” she said. “We hope more children will want to become a part of the high-technology industry.”
Neither Peters nor Weston provided a reason for the selection of the Medallion Foundation as the recipient of the gift, but the two were formerly legal associates together at the San Diego law firm of Roth, Tolbert & Anderson (now Roth, Tolbert & Gould), which recently reorganized following a tax fraud scandal involving one of the firm’s partners. Both declined to comment.
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