Pure H20 Bio-Technologies, Inc. Announces Confirmation of New Stock Symbol PRHB, and Reverse Split of Its Common Stock
27 March 2008 - 11:31PM
Business Wire
Pure H20 Bio-Technologies, Inc. (Pink Sheets:PRHB), today announces
confirmation of New Stock Symbol PRHB and Reverse Split of its
Common Stock. The Company�s stock transfer agent, Continental Stock
Transfer and Trust Company, located at 17 Battery Place, New York,
New York, is the Exchange Agent for its approved reverse split of
the Company's Common Stock. On March 3, 2008 the company filed a
1-for-4,500 (1:4,500) reverse stock split of the Company's Common
Stock. The reverse split became effective today upon the filing of
the company's Certificate of Amendment to the Articles of
Incorporation of Pure H20 Bio-Technologies, Inc., with the Florida
Secretary of State. The reorganization will be effective at the
open of the market today and the new stock symbol is "PRHB" and the
Cusip Number is: 746223 40 3. The distribution of the post-split
common shares are payable upon surrender of the pre-split common
shares. "For each forty-five hundred (4,500) shares of pre-split
common stock held a shareholder will receive one (1) share of
post-split common stock. No fractional shares or script
representing fractions of a share shall be issued, but in lieu
thereof, each fraction of a share that any Stockholder would
otherwise be entitled to receive shall be rounded up to the nearest
whole share and no additional script or payment made," as stated in
the Company's Articles of Amendment. About PRHB: PRHB is a publicly
held company specializing in the research, development and
commercialization of its unique residential, commercial and
hospital water disinfection systems. The company intends to
commence the manufacture and distribution of its products through a
network of independent distributors. The foregoing press release
contains forward-looking statements that can be identified by such
terminology as expects, potential, suggests, may, intends, or
similar expressions. Such forward-looking statements involve known
risks, uncertainties, and other factors that may cause the actual
results to be materially different from any future results,
performance or achievements expressed or implied by such
statements. In particular, management expectations regarding future
research, development, and/or commercial results could be affected
by, among other things, uncertainties relating to the availability
of future financing, unexpected regulatory delays or government
regulation generally, the company's ability to obtain or maintain
patent and other proprietary intellectual protection, and
competition in general. Forward-looking statements speak only as to
the date they are made. The Company does not undertake to update
forward-looking statements to reflect circumstances or events that
occur after the date the forward-looking statements are made. For
more information visit Investor Relations at
www.pureh20biotech.com.
Pure H2O Bio Technologies (CE) (USOTC:PRHB)
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