Success Financial Services Group Announces; One for One Hundred Reverse Stock Split.Business Editors AUSTIN, Texas--(BUSINESS WIRE)--Jan. 27, 2003 Success Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. Group Inc. (Pink Sheets:SFSG SFSG Special Forces Support Group (British paramilitary police force) SFSG So Far So Good SFSG San Francisco Scooter Girls (San Francisco, CA) ), a top 100 company nationwide in the loan origination The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. and seller-originated mortgage industry and a leading provider of sales automation Sales Automation - Sales Force Automation and productivity software, today announced a change in management and a reverse stock split. On Jan. 23, 2003, the Board of Directors of SFSG approved James S. Renaldo as the new 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. , effective immediately. Robert L. Leonetti will remain President of Success Investments Inc. On Jan. 24, 2003, the Board reconvened, approving a resolution to reverse-split the outstanding shares of the corporation one for one hundred. This action was deemed advisable by the Board because of current market conditions. The record date for the split was set for Feb. 5, 2003. Cautionary Statement: No stock exchange, securities commission or other regulatory authority has approved or disproved the information contained herein. This News release includes certain "forward-looking statements." All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from SFSG's expectations are detailed herein and, from time to time, in the filings made by SFSG with securities regulators. Penny stock Penny Stock A stock that sells for less than $1 a share but may also rise to as much as $10/share as a result of heavy promotion. All penny stocks are traded OTC or on the pink sheets. Notes: Penny stocks are highly speculative and risky. investments are risky, with no guarantees of market for the securities. Investors are cautioned to proceed only after obtaining advice from investment professionals. |
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