CortDev, Inc. Announces Stock Repurchase Plan.HOUSTON Houston, city (1990 pop. 1,630,553), seat of Harris co., SE Tex., a deepwater port on the Houston Ship Channel; inc. 1837. Economy The fourth largest city in the nation and the largest in the entire South and Southwest, Houston is a port of entry; -- CortDev, Inc. (Pink Sheets:CDVJ) today announced that it will repurchase re·pur·chase tr.v. re·pur·chased, re·pur·chas·ing, re·pur·chas·es To buy (something) again. n. The act of buying something that one previously sold or owned. Noun 1. shares of its common stock through open market purchases. The Company intends to repurchase up to an aggregate maximum of 100,000,000 shares of common stock during the next quarter. All repurchased shares of common stock will be retired and cancelled by the Company, which will decrease both the issued and outstanding and 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: number of shares of the Company's common stock. The Company expects to publish the results of the repurchase plan from time-to-time. "We feel that the stock repurchase plan stock repurchase plan 1. See buyback. 2. See self-tender. demonstrates to our shareholders that we believe in the Company and its future," said Andrea Cortellazzi, 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. of the Company. For more information please contact CEO Andrea Cortellazzi at 647-886-2703 or visit www.cort-dev.com. 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. Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission. |
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