Quantex Trades to Reflect Reverse Stock Split.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- President and 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. L. Evan Baergen announced today that Quantex Capital Corporation's (PINK SHEETS:QCPC QCPC Quality Clinic Process Charts QCPC Queue and Channel-Based Power Control ) new trading symbol Trading symbol See: Ticker symbol will be QCPC and the stock will begin trading on May 5th to reflect the recently approved reverse stock split. The company previously traded under the symbol BEDD BEDD Bedensel Engellilerle Dayanisma Dernegi BEDD Basic Engineering Design Data BEDD Best Estimated Delivery Date BEDD Bluetooth-Enabled Dating Device BEDD Biologically-Effect Degree Days BEDD British Empire Defence Division (UK) . As a result of the reverse stock split at a ratio of 5.5 to 1, shareholders will see their total number of shares reduced but the proportion of the total outstanding will remain the same. The reverse stock split is intended to make the company more attractive to investors said Baergen. "This was part of our restructuring strategy and the board felt it was a necessary move to make investing in Quantex more appealing. With our new business plans well underway, we are getting a very positive response from our shareholders," Baergen said. Quantex finished its first fundraising last month, raising US $656,000. The funds will go towards business development as well as the company's acquisition of Samlex America Inc. which was announced April 25th, 2005. "We are looking at several potential acquisitions for the coming year and we will continue to look for acquisitions that will add value for our shareholders," he added. 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. : This news release may contain forward-looking statements that are based on management's current expectations which are subject to known and unknown uncertainties and risks. This could cause actual results to differ materially from those contemplated or implied by such forward-looking statements. Any such statements are made in reliance on the "safe harbor" protections provided under the Private Securities Reform Act of 1995. Quantex Capital Corporation is under no obligation to update any forward-looking statements contained herein should material facts change due to new information, future events or otherwise. Quantex Capital Corporation (PINK SHEETS:QCPC) |
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