ITTV Announces Stock Split.Business & Entertainment Editors NEWPORT BEACH Newport Beach, residential and resort city (1990 pop. 66,643), Orange co., S Calif., on Newport Bay and the Pacific Ocean; inc. 1906. It is a popular seaside resort and yachting center. Manufactures include electrical and medical equipment, computers, boats, and adhesives. , Calif.--(BUSINESS WIRE)--Aug. 30, 2002 ITTV ITTV Intrathoracic Thermal Volume ITTV Into Tomorrow TV ITTV International Technology and Trade Ventures (Albuquerque, NM) ITTV Institute of Tropical Technology ITTV It'sTwisted Television (TV show) (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ITTV) announces that effective on Tuesday September 3, 2002 the Company has approved a 1:11.5 share reverse split of its common stock. In other words Adv. 1. in other words - otherwise stated; "in other words, we are broke" put differently , after the split, shareholders will hold one share for every 11.5 shares they held prior to the split. Any fractional shares will be rounded up. Due to the reverse split, the stock will now trade under the new symbol "IPTV (Internet Protocol TV) Also called "TV over IP," IPTV delivers scheduled TV programs and video-on-demand (VOD) via the IP protocol and digital streaming techniques used to watch video on the Internet. ". The Board of Directors and shareholders representing the majority of the shares approved the transaction. This press release contains forward-looking statements. The company wishes to caution the reader of this press release that actual results may differ from those discussed in the forward-looking statements, including any sales forecasts, and may be adversely affected by, among other things, risks associated with new technology development and commercialization, the company's overall business strategy and other factors described in the company's filings with the Securities and Exchange Commission. |
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