RENU-U International Inc. Changes its OTC BB Ticker Symbol to USEE; Announces Completion of 1-for-30 Reverse Split.ANAHEIM, Calif.--(BUSINESS WIRE)--July 12, 1999-- RENU-U International Inc.(OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:USEE USEE United States Exploring Expedition ) Monday announced that effective at the opening of the market on July 12, 1999, the company's stock trading symbol Trading symbol See: Ticker symbol on the OTC BB will change from RNUI RNUI Remote Network User Identification to USEE. RENU-U also announced the completion of a 1-for-30 reverse split of the company's common stock, and the shares will begin trading on a post-split basis effective on July 12, 1999. RENU-U International also announced the signing of an exclusive distributorship agreement with ColorMax Technologies Pty Ltd. of Queensland, Australia on July 7, 1999 to distribute ColorMax products in Australia and New Zealand. ColorMax Technologies Pty has placed an $800,000 sales order with RENU-U to be fulfilled within one year. Shipments of ColorMax products to Australia and New Zealand are scheduled to begin in August. Approximately 8.0 percent of males and 0.5 percent of females in Australia and New Zealand are colorblind col·or·blind or col·or-blind adj. Partially or totally unable to distinguish certain colors. or have a color vision deficiency Noun 1. color vision deficiency - genetic inability to distinguish differences in hue color blindness, colour blindness, colour vision deficiency dichromacy, dichromasy, dichromatism, dichromatopsia, dichromia - a deficiency of color vision in which the . Most of the fees for users of ColorMax Color Vision Enhancement Lenses in Australia will be covered by government Medicare Insurance. The company is currently negotiating with potential distributors in other international markets for the distribution of ColorMax products. RENU-U International is a company that specializes in high-tech optical products. The ColorMax product line specializes in aiding and detecting colorblindness and color vision deficiencies and includes ColorMax Color Vision Enhancement Lenses and ColorMax Color Test Software. This release contains forward-looking statements with respect to the results of operations and business of RENU-U International that involves risks and uncertainties. The company's actual future results could materially differ from those discussed. Risks and uncertainties of the company will be detailed from time to time in the company's periodic reports. The company intends that such statements about the company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the "safe harbor" provision of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. |
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