September 2, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Medisafe 1 Technologies Corp. (OTC: MFTH) said it will be issuing and completing a stock dividend on its common shares of one-for-five.

The company said it anticipates the stock dividend will be payable on or about September 20 to the shareholders of record on September 17, and is subject to FINRA approval.

When the stock dividend becomes effective, shareholders of each one restricted stock will receive an additional four shares of restricted stock and each shareholder of one unrestricted stock will receive an additional four shares of unrestricted stock.

Medisafe 1 Technologies currently has 10 million shares outstanding. The issuance of the dividend will increase the total shares outstanding to 50 million.

The company said it expects that the decision will improve liquidity and trading volume in Medisafe stock.

Israel-based Medisafe 1 Technologies develops technologies meant to effectively prevent unauthorized administration of a drug or medicinal substance by hypodermic needle.

Medisafe's patented technology is a medical assembly with a locking mechanism that is intended to ensure the substance cannot be released from the hypodermic needle without positive pre-matching between the substance and its intended patient.

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