Jade Art Group Announces New Ticker Symbol JADA.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 & JIANGXI, China -- Jade Art Group Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : JADG), a seller and distributor of raw jade sourced from the SheTai Jade mine in China, today announced that in connection with its previously announced one-for-three reverse stock split, 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 has assigned the Company a new ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors . Effective at the open of business on May 15, 2008, the Company's shares will be trading on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. under the new ticker symbol JADA on a split-adjusted basis. Previously, Jade Art Group traded under the ticker symbol JADG. About Jade Art Group Inc. Jade Art Group Inc., through its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Jiangxi SheTai Jade Industrial Co., Ltd., sells and distributes raw jade throughout China, ranging in uses from decorative construction material to high-end jewelry sourced from the SheTai Jade mine. This mine's operating capacity is estimated to reach 40,000 tons and has been operating for a number of years. It has one of the largest jade reserves in China and is owned by XiKai Mining, with which Jade Art Group signed an agreement to acquire exclusive distribution rights to sell 90% of the SheTai Jade produced from the mine for the next 50 years. According to a survey report issued by the Inner Mongolia Geological Institution, the mine has proven and probable reserves of approximately 6 million tons, or approximately $16 billion worth of jade at current market rates of $2,750 per ton. Several national jade experts have noted the high quality of SheTai Jade as compared to the other existing varieties of Chinese jade. For more information, please visit: www.jadeartgroupinc.com. |
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