Cirus Telecom Inc. Announces That Its Stock Will Trade on a 4:1 Basis At Market Open.Business Editors NEW YORK--(BUSINESS WIRE)--April 12, 2001 Cirus Telecom Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CTLE CTLE Continuous-Time Linear Estimation ) would like to announce that its common stock will trade on a 4 for 1 basis effective at market open of Thursday 12, April 2001. Shareholders of record on April 6th 2001 will receive an additional three shares for every one share they possess. This will increase the common stock issued and outstanding from 15,175,456 to 60,701,824 shares. Cirus Telecom, Inc. is a New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of based company providing telecom switching services to small and medium sized wholesalers and distributors of telephone cards throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Cirus derives revenues by providing phone card activations and reselling long distance service, as well as providing complete turnkey telecom solutions. The Company offers its customers the ability to provide domestic and international voice, data and fax services at substantially lower prices than those of commonly utilized telecom service bureaus. The switching network architecture used by Cirus is highly scaleable, cost effective, requires no additional facilities based real-estate investment on behalf of a client, and is rapidly deployable. Cirus will focus on providing lucrative direct connections to key locations in South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. and Asia. Forward-looking statements and comments in this press release are made pursuant to 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. provisions of the Securities Exchange Act of 1934. Such statements relating to, among other things, the prospects for the company to complete the transaction and enhance operating results, are necessarily subject to risks and uncertainties, some of which are significant in scope and nature. These risks may be further discussed in periodic reports and registration statements to be filed by the Company from time to time with the Securities and Exchange Commission in the future. |
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