UNIHOLDING CORP. ANNOUNCES 10-TO-1 REVERSE SPLIT ON COMMON STOCK; CHANGES NAME FROM 'UNITED FASHIONS INC.'
NEW YORK, Aug. 31 /PRNewswire/ -- UniHolding Corp. announced today that a 10-to-1 reverse split of the common stock of the company, as described in its recently distributed information statement, became effective at the close of business yesterday after the filing of a certificate of amendment to the certificate of incorporation of the company. The company also announced that it had increased its authorized shares to 60 million and that it had issued approximately 33 million shares in completing previously announced conversions of debt to equity. The company also changed its name from "United Fashions Inc." to "UniHolding Corp." and decreased the par value of the company's common stock from $0.50 to $0.01 per share. The company is continuing an active investigation for possible acquisitions in various industries. There can be no assurance that any acquisition will in fact occur. -0- 8/31/93 /CONTACT: Jean-Pierre Conrad, 011-41-22-732-7606, or Eugene Cronin, 212-219-9496, both for UniHolding/
CO: UniHolding Corp.; United Fashions Inc. ST: New York IN: SU:
CK-SM -- NY058 -- 7647 08/31/93 16:43 EDT
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|Date:||Aug 31, 1993|
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