Summus Works, Inc. Reduces Shares Issued and Outstanding To Under 70,000,000,000.DENVER -- Summus Works, Inc. (Pink Sheets:SMMW SMMW Submillimeter Wave ) confirmed its 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 increase shareholder value through share buy backs and the cancellation of outstanding common stock has reduced the total of shares issued to under 70,000,000,000. Management stated that it will continue to reduce the issued and outstanding in its ongoing campaign to enhance the Company's price per share. Management cited its unwavering commitment to the Company's initiative to enhance shareholder value and effect the rise in price per share necessary to facilitate pending and future mergers and acquisitions. Summus Works, Inc. (Pink Sheets:SMMW) is a multi-media 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 fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. , 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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