Summus Works, Inc.: Issued and Outstanding Update.DENVER -- Summus Works, Inc. (Pink Sheets:SMMW SMMW Submillimeter Wave ) announced the Company has reduced its total shares issued and outstanding by more than five percent to 69,955,000,000 shares. Management stated it will continue its aggressive VVV VVV Veel Voorkomende Vragen (Dutch: Frequently Asked Questions) VVV Veni, Vidi, Vici (Latin: I came, I saw, I conquered) VVV Voetbal Vereniging Venlo (Dutch soccer club) initiative to enhance shareholder value and its campaign to further reduce the total shares issued and outstanding. Summus Works, Inc. (Pink Sheets:SMMW) is a multimedia holding company with interests in outdoor sports, retail, e-tail, print, web, television and film. For more information on the company or its outdoor sports and media subsidiaries, visit www.summusworks.com. This release includes forward-looking statements made pursuant to 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 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 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated ob·li·gate tr.v. ob·li·gat·ed, ob·li·gat·ing, ob·li·gates 1. To bind, compel, or constrain by a social, legal, or moral tie. See Synonyms at force. 2. To cause to be grateful or indebted; oblige. to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release. |
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