Novori, Inc. (NOVO) The Effective Date of Reverse Split and Authorized Capital Increase
26 November 2008 - 11:34AM
PR Newswire (US)
BELLINGHAM, WA, Nov. 25 /PRNewswire-FirstCall/ -- Novori Inc. (OTC
BB: NOVO.OB - News), an online interactive retailer of fine diamond
engagement rings and jewelry, announces that it intends to file a
Certificate of Amendment of its Certificate of Incorporation with
the Delaware Secretary of State on December 1, 2008. The
Certificate of Amendment is being filed pursuant to an amendment to
Novori's Articles increasing the authorized capital from
150,000,000 to 170,000,000 shares and effecting a reverse split of
Novori's common stock at a ratio of one share for every twenty
existing shares of Novori's issued and outstanding common stock.
Novori anticipates that the market effective date for the reverse
split and the increase in the authorized capital will be the 3rd or
4th of December, 2008. About Novori Inc.: Founded in 2004, Novori
is an online interactive retailer of diamond engagement rings and
fine jewelry. Launched in 2005, http://www.novori.com/ provides
consumers with superior customer service and a better way to buy
diamond jewelry. The Company offers thousands of independently
certified diamonds, settings and fine jewelry at prices below those
offered by traditional retail companies. Forward-Looking
Statements: Except for the historical information contained herein,
the matters discussed in this press release are forward-looking
statements. Actual results may differ materially from those
described in forward-looking statements and are subject to risks
and uncertainties. See the Company's filings with the Securities
and Exchange Commission which identify specific factors that may
cause actual results or events to differ materially from those
described in the forward-looking statements. DATASOURCE: Novori
Inc. CONTACT: Investor Relations, (778) 571-0880,
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