Printer Friendly

I-FLOW CORP. ANNOUNCES REVERSE COMMON STOCK SPLIT

 I-FLOW CORP. ANNOUNCES REVERSE COMMON STOCK SPLIT
 IRVINE, Calif., May 5 /PRNewswire/ -- I-FLOW Corp. (NASDAQ: IFLO),


manufacturer and seller of innovative ambulatory infusion devices, announced today that its shareholders have approved a 1-for-5 reverse stock split of its outstanding common stock, which will become effective upon the close of business on May 11, 1992. Each share of common stock outstanding immediately prior to the reverse stock split will automatically become one-fifth of a share of common stock after the reverse split. Shareholders having certificates representing shares of common stock not evenly divisible by five will be entitled to one additional post-split share for the fraction of a share resulting from the reverse split. Outstanding warrants will also be adjusted automatically upon the effectiveness of the reverse stock split. Each warrant will represent one-fifth of the number of pre-split shares of common stock at an exercise price per share of five times the pre-split per share exercise price.
 I-FLOW Corp. designs, develops, manufactures and markets technically advanced ambulatory infusion systems uniquely well suited to the alternate care environment. Reliable, efficient and easy to use, I-FLOW products offer users substantial opportunities to expand their therapy base, improve quality of care and increase productivity. These advantages translate into improved revenues and profits for healthcare providers while reducing costs and improving the quality of life for patients.
 -0- 5/5/92
 /CONTACT: Jim Dal Porto of I-FLOW Corp., 714-553-0888/
 (IFLO) CO: I-FLOW Corp. ST: California IN: HEA SU:


JL-EH -- LA054 -- 6728 05/05/92 16:15 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 5, 1992
Words:253
Previous Article:ALCOA TO REDEEM DEBENTURES; TAKE QUARTERLY CHARGE
Next Article:MCDONALD'S AWARDS $300M CONTRACT TO OLIVETTI


Related Articles
HORIZON RESOURCES ANNOUNCES ONE-FOR-EIGHT REVERSE STOCK SPLIT
I-FLOW CORPORATION LOWERS EXERCISE PRICE OF PUBLICLY HELD WARRANTS
I-FLOW CORP. RECEIVES $1.6 MILLION IN ADDITIONAL FUNDING
Texoil Announces 1-For-6 Reverse Stock Split.
Global Axcess Corp Announces 1-for-5 Reverse Stock Split; New Symbol 'GAXC' Effective.
Loudeye Announces Special Meeting of Stockholders to Approve Reverse Stock Split.
Kirlin Holding Corp. Announces Reverse Stock Split.
Wells Financial Corp. Announces Reverse and Forward Stock Splits.
Homeland Security Capital Corporation Announces Plans for Reverse Stock Split and Application for Nasdaq Listing.
International Child Care Corp Announces Corporate Restructuring and Name Change.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters