CXNM/Bio-Tracking Firmly Denies Alegations of Reverse Stock Split.MONTREAL -- CXNM/Bio-Tracking Security Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: CXIN) firmly denies all allegations of a reverse stock split based on name change, symbol change or number of outstanding of shares. "I have been contacted by several valued shareholders/interested future shareholders and financial institutions expressing concern that our company has immediate intentions of executing a reverse stock split. This greatly disturbed me considering my commitment to "FULL DISCLOSURE". Therefore, I assure you we have no immediate intentions or have considered implementing a reverse stock split. This statement will dispel any misconceptions or false allegations, instead categorically reassure my honest transparency," stressed Mr. Michael Tremis, Chairman, President & 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. . "My strategy is to sincerely increase shareholder value by achieving a higher share price judged on genuine features not surgically implanted characteristics," furthered Mr. Michael Tremis. "We have never broached the subject of a reverse stock split. Investors assume companies execute a reverse stock split based on the number of outstanding shares. Maybe they should look at Microsoft Corp (NASDAQ: MSFT MSFT Microsoft (stock symbol) MSFT Movimento Sociale Fiamma Tricolore (Italy) MSFT Multi-Stage Fitness Test MSFT Master of Science in Family Therapy MSFT Macalester Students for Fair Trade ) with over 10 billion outstanding shares, Time Warner Inc. (NYSE NYSE See: New York Stock Exchange : TWX (TeletypeWriter eXchange Service) A U.S. and Canadian dial-up communications service that became part of Telex. In 1971, the Bell System sold TWX to Western Union. TWX transmitted 5-bit Murray code or 7-bit ASCII code at up to 150 bps. See Telex. ) with over 4.5 billion outstanding shares, or Dell Inc. (NASDAQ: DELL) with an outstanding share level of over 2.5 billion," confirmed the Board of Directors of Bio-Tracking Security Inc. BIO-TRACKING SECURITY INC. Bio-Tracking designs and manufactures vehicle/asset tracking and security technology, based on a Patent Pending, wireless interconnection method real-time tracking system. With driver privilege control, remote shutdown, lock/unlock capabilities, GPS navigation and tracking, biometric fingerprint identification, voice and spectrum communication. We have added a division to focus on Homeland Security, International Counter-Terrorism, and Informative Risk-Management solutions. The company will offer worldwide informative, technical and sales support through it's North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. office. SAFE HARBOR STATEMENT Safe Harbor Statement under 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: The statements contained in this release which are not historical facts may be deemed to contain forward looking statements with respect to events, the occurrence of which involves risk and uncertainties including, without limitations to; demands and competition for the company's products and services, the availability to the company of adequate financing to support its anticipated activities, the ability of the company to generate cash flow and manage its operations. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion