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TASTE IT PRESENTS SHAREHOLDERS APPROVE REVERSE STOCK SPLIT

 TASTE IT PRESENTS SHAREHOLDERS APPROVE REVERSE STOCK SPLIT
 NEW YORK, Sept. 22 /PRNewswire/ -- At a special meeting of shareholders held on Sept. 4, the shareholders of Taste It Presents, Inc., approved an 80,000-for-1 reverse stock split, the company announced today.
 The company effectuated the reverse stock split by filing a certificate of amendment. Shareholders owning less than 80,000 shares will receive a cash payment of 2 cents per pre-split share. As of the date the company filed the certificate of amendment reflecting the reverse stock split, all persons who owned less than 80,000 shares were no longer shareholders of record.
 All shares of common stock held by a shareholder whose aggregate number of shares held exceeds 80,000 but which are not a multiple of 80,000 are deemed fractional shares. All fractional shares of the company's common stock are cancelled and the holders thereto shall be entitled to a cash payment in an amount equal to 2 cents per pre-split share.
 -0- 9/22/92
 /CONTACT: John M. Alair, 212-645-9533, for Taste It Presents/ CO: Taste It Presents, Inc. ST: New York IN: SU:


GK-CK -- NY041 -- 2123 09/22/92 11:10 EDT
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Publication:PR Newswire
Date:Sep 22, 1992
Words:197
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