CRMnet.com Inc. Announces Share Consolidation and Name Change.TORONTO -- CRMnet.com Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. .H) today announced that the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has approved a one new share for three old shares consolidation of the common shares of the Company and a name change to Advanced Explorations Inc. The name change and share consolidation were approved at the annual and special meeting of shareholders which was held on September 30, 2004. The effective date of the name change and the consolidation will be February 25, 2005. The new trading symbol Trading symbol See: Ticker symbol will be "AXI AXI Automated X-Ray Inspection (electronics) AXI Association Xpertise Inc (Calgary, AB, Canada) AXI Ada to X-Window System Interface .H". Shareholders of the Company will be requested to deliver their share certificates representing the pre-consolidation common shares to the Company's registrar and transfer agent, Equity Transfer Services Inc. ("Equity") against delivery of new certificates representing the post-consolidation common shares. A letter of transmittal Letter of Transmittal A document used by security holder to accompany certificates surrendered in an exchange or other corporate action. for the exchange of the shares will be sent to the shareholders concurrent with the issuance of this news release. To receive certificates representing common shares of Advanced Explorations Inc. on a post-consolidated basis, registered shareholders should follow the instructions set out in the letter of transmittal and send their CRMnet.com common share certificates, together with the letter of transmittal to Equity. Equity will then mail back the new share certificates to which the registered shareholder is entitled in accordance with the instructions given in the letter of transmittal. If you are a beneficial shareholder of CRMnet.com shares (i.e. you hold your CRMnet.com shares through a brokerage account Brokerage Account An arrangement between an investor and a licensed brokerage firm that allows the investor to deposit funds with the firm and place investment orders through the brokerage, which then carries out the transactions on the investor's behalf. ), your broker will be responsible for distributing to you the appropriate number of Advanced Explorations Inc. shares. As a result of the share consolidation, the Company's issued and outstanding common shares decreased from 24,523,181 common shares (pre-consolidation) to 8,174,394 common shares (post-consolidation). Some of the statements contained in this release are 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. , such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. Issued and Outstanding: 24,523,181 The TSX Venture Exchange has neither approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this release. CRMNet.com Inc. (TSX VENTURE:CRM.H) |
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