Professional Wrestling Alliance Corp. Changes Name to TRSG Corp., Effects Reverse Split of Shares.
NORTH LAS VEGAS, Nev.--(BUSINESS WIRE)--Nov. 16, 2000
Professional Wrestling Alliance Corp. (OTCBB:PWAA) today announced that it has changed the company's name from Professional Wrestling Alliance Corp. to TRSG Corp.
Articles of amendment were filed with the state of Delaware on Nov. 1, 2000, effecting the name change. In conjunction with the name change, the board of directors approved a 1-for-20 reverse split of the company's outstanding shares.
The company has applied for and received a new CUSIP number (87263W 10 8). The name change and reverse split will be effective with Nasdaq on Nov. 16, 2000. The company's trading symbol will change from PWAA to TSGO effective Nov. 16, 2000.
The above actions were taken by the board of directors, with the consent of the company's majority shareholder, to facilitate the closing of the acquisition by the company from Gateway Distributors Ltd. ("Gateway"), a Nevada corporation, of the assets and business of Gateway, known as The Right Solution.
The Right Solution's product line is based on the premise that the food of the future will come from the past. It is through special blends of ancient whole foods such as grains and vegetables that optimum health can be achieved. After years of research, science has proved that whole-food nutrition, combined with nature, will both cleanse the body and feed the body on a cellular level. The company currently has more than $5 million in annual revenues.
The company strongly encourages the reading of the above information in conjunction with its Form 10KSB for Dec. 31, 1999; Forms 10-QSB for the periods ended March 31 and June 30, 2000; and Forms 8-K filed Oct. 17, 2000, and Nov. 1, 2000. The above documents can be viewed at www.sec.gov.
A number of statements contained in this news release are forward- looking statements that are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions, and the ability to secure additional sources of financing. The actual results that the company may achieve may differ materially from any forward-looking statements because of such risks and uncertainties.
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|Date:||Nov 16, 2000|
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