Agri-Dynamics, Inc. Announces a Fifty-for-One Reverse Stock Split
19 Gennaio 2010 - 8:00PM
Marketwired
Agri-Dynamics, Inc. (PINKSHEETS: AGDY) announced today that the
Company's stockholders have approved a 50-for-one reverse stock
split (Reverse Split) effective for the opening of trading January
19, 2010.
As a result of the Reverse Split every fifty shares of the
Company that a stockholder owned were converted into one share of
the Company as of the close of business on January 15, 2010, the
effective date of the Reverse Split. Notwithstanding the Reverse
Split, each stockholder will continue to hold the same percentage
of the Company's outstanding shares immediately following the
Reverse Split as he or she held immediately prior to the Reverse
Split. Fractional Shares created as a result of the Reverse Split
will be rounded up to the nearest whole share.
The Company has retained its transfer agent to act as exchange
agent for the Reverse Split. Shareholders of record as of the
effective time of the Reverse Split will receive a letter of
transmittal providing instructions for the exchange of their
pre-reverse stock split certificates of common stock for new
certificates. Stockholders who hold their shares in 'street name'
will be contacted by their banks or brokers with any relevant
instructions.
About Agri-Dynamics, Inc.
Agri-Dynamics, Inc. is a holding company providing management
consulting services, incorporated under the law of the State of
Iowa. Its shares are currently traded on over-the-counter market
(OTC) and are listed on the Pink Sheets.
SAFE HARBOR STATEMENT
Safe Harbor Statement under the Private Securities litigation
Reform Act of 1995: The statements, other than the statements of
historical facts, may be deemed to contain forward-looking
statements with respect to events, the occurrence of which involves
risk and uncertainties, including, without limitation, demand and
competition for the Company's products and services, the
availability to the company of adequate financing to support its
anticipated activities, the ability of the company to generate cash
flow from operations and the ability of the company to manage its
operations. As statements regarding future events concern
management's estimates of future results of operations, and these
estimates are based on many elements beyond management's control,
differences from management's estimates may occur, and such
difference may be material.
Although Agri-Dynamics, Inc. believes the assumptions underlying
the forward-looking statements contained herein are reasonable, any
assumption could be inaccurate, and therefore, there can be no
assurance that the forward-looking statements included in this
press release will prove to be accurate. In light of the
significant uncertainties inherent in the forward-looking
statements included herein, the inclusion should not be regarded as
a representation by Agri-Dynamics, Inc. or any other person that
the objective and plans of Agri-Dynamics, Inc. will be
achieved.
Investors Relations Contact: Agri-Dynamics, Inc. 214 389
0878
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