Applewoods Inc. Authorizes One-for-Eight Reverse Stock Spilt.NEW YORK--(BUSINESS WIRE)--June 4, 1998--Applewoods Inc. (NASDAQ-APWD) announced today that its board of directors has approved a one (1) for eight (8) reverse stock split with respect to the company's shares of Common Stock. A majority of the company's stockholders had previously given their consent to the Reverse Stock Split at the annual meeting of shareholders on June June: see month. 2, 1998. All stockholders of record as of the close of business on June 2, 1998 will receive one (1) new share of Common Stock for every eight (8) shares of Common Stock then outstanding. Applewoods is a developer, manufacturer and marketer of all natural soaps, lotions lotions, n.pl nonoily treatments intended to be applied to the skin for a variety of cosmetic or medicinal purposes. , oils, other toiletries toi·let·ry n. pl. toi·let·ries An article, such as toothpaste or a hairbrush, used in personal grooming or dressing. toiletries npl → artículos mpl de aseo (= and related gift items for men and women. Applewoods is traded on The Nasdaq SmallCap Market.
CONTACT: Applewoods Inc.
Roger Buoy, 011 44 1 275 345 600
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