Birch Branch, Inc. Effects 1:3 Reverse Stock Split and Initiates Trading under New Symbol - 'BRBH'.LITTLETON, Colo. -- Birch birch, common name for some members of the Betulaceae, a family of deciduous trees or shrubs bearing male and female flowers on separate plants, widely distributed in the Northern Hemisphere. Branch, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : BRBH) today announced that a one-for-3 reverse stock split of its authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: and outstanding stock will become effective as of this morning's market open, Monday, June 4, 2007. In addition, effective with market open this morning, Birch Branch's ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors on the Over-the-Counter Bulletin Board will change to "BRBH." The one-for-3 reverse stock split was approved by the Company's shareholders at a Special Meeting of Stockholders held on June 1, 2007. As a result of the reverse stock split, every 3 shares of Birch Branch's common stock will be combined into one share of common stock. All common stock, stock options, warrants and other convertible securities that were outstanding as of the close of market on Friday, June 1, 2007, will be subject to the reverse stock split. Currently, Birch Branch has no operating business. The Company intends to evaluate, structure and complete a merger with, or acquisition of, certain prospects that may include private companies, partnerships or sole proprietorships A form of business in which one person owns all the assets of the business, in contrast to a partnership or a corporation. A person who does business for himself is engaged in the operation of a sole proprietorship. . Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement This document contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The company may experience significant fluctuations in future operating results due to a number of economic, competitive, and other factors, including, among other things, government agency budgetary and political constraints, new or increased competition, changes in market demand, and the performance or reliability of our products. These factors and others could cause operating results to vary significantly from those in prior periods, and those projected in forward-looking statements. Additional information with respect to these and other factors, which could materially affect the Company and its operations, are included in certain forms the Company has filed with the Securities and Exchange Commission. |
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