Shareholder Update for RFID, LTD.DENVER, Colo. -- RFID (Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna. , LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability . (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :RFDL RFDL Radio Frequency Data Link ) has begun executing a strategy for the planned acquisition of 4 additional companies in the radio frequency identification See RFID. (RFID) market. In preparation for the planned acquisitions the company has either executed or is in the process of executing the following actions:
1. RFID, LTD. has retained a national law firm to review its
existing capital structure, add members to its advisory board
and provide counsel regarding acquisition contracts and
resulting capital structure changes.
2. RFID, LTD. has engaged or has been engaged by multiple
investment banks and/or financial institutions who may offer
to provide capital for the planned acquisitions of the 4 RFID
companies.
3. RFID, LTD. has settled all outstanding legal matters with
ex-directors, ex-management team members and external
entities.
4. RFID, LTD. has repurchased 1,000,000 shares of RFDL stock and
has deposited them into corporate treasury.
5. RFID, LTD. has completed both a financial audit and financial
review in 2006.
6. RFID, LTD. may evaluate new banking, payroll and securities
agent-relationships.
7. RFID, LTD. has been engaged by multiple analysts who have
interviewed company management. Resulting reports may or may
not be distributed in various media formats by said analysts
or other entities not controlled or retained by RFID, LTD.
8. RFID, LTD. has purchased a subscription to the Pink Sheets
News Service which allows for unlimited posting of financial
reports relating to the company.
9. RFID, LTD. has signed a lease for new office space that will
allow additional flexibility for fluctuations in workforce
size due to planned acquisitions.
Forward-looking Statements: This news release may include forward-looking statements within the meaning of section 27A of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the company's analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the "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. " provisions of the United States 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 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein. |
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