BigString Corporation Indicates Corporation Update
08 February 2011 - 8:59AM
Marketwired
BigString Corporation (OTCBB: BSGC) announced today that its Board
of Directors is currently contemplating strategic alternatives for
the corporation and its assets. The Board recognizes that the
current share price of BigString's common stock is not likely being
affected by BigString's internal operations but rather by its
ownership of 7,100,000 shares of PeopleString Corporation common
stock, 875,600 of which have been registered for sale. BigString
currently holds approximately 29.4% of PeopleString Corporation's
common stock. The Board will hold a special meeting on Monday,
March 14, 2011 to consider strategic alternatives regarding the
corporation and its assets, including a potential distribution of a
portion of the restricted shares of PeopleString common stock held
by it to its stockholders.
"Now that we have been able to re-negotiate an extension of the
debentures held by our two largest lenders, we can focus on how to
best utilize our corporate assets to enhance shareholder value,"
stated Darin Myman, President and CEO.
About BigString BigString Corporation,
owner and operator of BigString.com, is the developer of a
messaging technology that provides users with unprecedented control
over all of their messaging communications on their computers and
mobile devices, whether they choose to send IMs, emails or videos,
and, in addition to control, BigString's communication platform
gives its users unprecedented privacy and security on all messages
sent. For more information, visit http://www.bigstring.com.
Forward-Looking Statements Statements about the future
expectations of BigString Corporation, and all other statements in
this press release other than historical facts, are
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, and as that term is
defined in the Private Securities Litigation Reform Act of 1995.
BigString Corporation intends that such forward-looking statements
shall be subject to the safe harbors created thereby. Since these
statements involve certain risks and uncertainties and are subject
to change at any time, BigString Corporation's actual results could
differ materially from expected results.
CONTACTS: Darin Myman BigString Corporation 732-741-2840 Email
Contact Howard Greene Greene Inc. 516-825-0400 Email Contact
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