AANP Inc. Announces 2.1 to 1 Reverse Split Of Its Common Stock and a Change in its Trading Symbol to OTC BB: AMAB Effective June 21, 2001.Business Editors & Environmental Writers AUSTIN, Texas--(BUSINESS WIRE)--June 20, 2001 American Absorbents Natural Products Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AANP AANP American Association of Naturopathic Physicians. ) (www.aanpi.com), one of the largest holders of Zeolite reserves in the nation, announced today that it is instituting a reverse split of its common stock. American Absorbents CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Robert Bitterli stated, "that the 2.1 to 1 reverse split, will allow the company to position itself to take advantage of potential merger opportunities." The 2.1 to 1 reverse split will be effective June 21, 2001. At the effective date of the reverse split, the trading symbol for American Absorbents Natural Products Inc. (AANP) will be changed to "OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: AMAB AMAB Arctic Marine Advisory Board (Canada) ". Every share of common stock held as of the close of trading on June 20, 2001will automatically, and without further action on the part of the shareholder, become approximately .476 of a share of common stock. SAFE HARBOR STATEMENT: Certain statements in this news release may constitute "forward-looking" information within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such forward-looking statements involve risk and uncertainties that could cause actual results to differ materially from those set forth or implied by such forward statements. Forward-Looking Statements: All statements other than statements of historical fact in this release are forward-looking statements as a result of certain factors including, but not limited to, the effect of business and economic conditions; the impact of competitive products and pricing; and capacity and supply constraints or difficulties. Such statements reflect the current views of the company with respect to future events and are subject to these and other risks and uncertainties and assumptions relative to the operations, results of operations, growth strategy and liquidity of the Company. |
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