N1 Technologies Inc. Announcing 10 for 1 Reverse Stock Split
BELIZE CITY, Belize, June 22, 2015 /PRNewswire/ -- The directors and management of N1 Technologies Inc. (OTC PINK: NTCHF) announced today that the company has filed with the OTC to initiate a 10 for 1 reverse stock split. This will re-capitalize the company with 250,000,000 shares outstanding. Additionally a new CUSIP number has been requested. The stock split will help the company align its goals for the future. "N1 Technologies Inc. is pursuing a listing on the OTC QX and is currently making early adjustments to all phases of the business plan in an effort to reach this goal sometime later this year," says CEO Steve Lovern.
In Other News, the company continues to prepare to move its Operational Headquarters to Florida from Belize. This is in part an element of its plans to seek a listing on the OTC QX. The company is positioning all aspects of its operations in order to successfully obtain a QX listing. The company had announced recently that it was looking at spinning off its R&D division NanoSave Technologies Inc. as a separate public company, and offer stock in an IPO. This idea has been voted down by the Board of Directors in light of the new plans to list on the OTC QX. "The assets and valuations of our subsidiary NanoSave Technologies Inc. will serve the company better and create greater shareholder value as it moves up to the QX trading platform in the coming months," states Steve Lovern CEO. The company will release news and updates as they progress.
FORWARD-LOOKING INFORMATION
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "will" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Corporation's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Corporation. The forward-looking information contained in this release is made as of the date hereof and the Corporation is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
RELATED LINKS
Email: [email protected]
SOURCE N1 Technologies Inc.
Related Links
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article