Internet Media Services, Inc. Announces Name/Symbol Change and Reverse Split of Common Stock
14 Maggio 2014 - 10:40PM
Marketwired
Internet Media Services, Inc. Announces Name/Symbol Change and
Reverse Split of Common Stock
SANTA MONICA, CA--(Marketwired - May 14, 2014) - Internet
Media Services, Inc. (the "Company") (OTCQB: ITMV) announced today
that effective May 15th, 2014, the Company's new name will be
U-Vend, Inc. and will temporarily trade under the symbol "ITMVD"
for twenty business days to signify that the company has undergone
a reverse split. On June 12th, 2014, its symbol will then
change to "UVND". In addition, the Company anticipates that
upon the opening of trading on May 15th, 2014, the shares will
reflect a 1 for 200 reverse split of its common stock. Upon
the reverse stock split, every two hundred shares of Internet Media
Services, Inc.'s issued and outstanding common stock will be
automatically converted into one newly issued and outstanding share
of U-Vend, Inc. common stock. All fractional shares created by
the reverse stock split will be rounded to the nearest whole
share.
"These events signify the launch of a very exciting time for
U-Vend, Inc. and its shareholders. For the last few months,
we've been keenly focused on ensuring that this transition was
executed proficiently and in the best interest of the company
moving forward. In tandem, we've been engaged in significant
discussions on a number of market and national brand partnership
opportunities for the strategic expansion of our next-generation of
self-serve kiosks and look forward to presenting them to our
shareholders, as well as the overall investment community," stated
Raymond Meyers CEO of U-Vend.
Once the reverse stock split becomes effective, stockholders
holding shares through a brokerage account will have their shares
automatically adjusted to the reflect the 1:200 reverse stock
split. Share adjustments to those possessing certificates can
be made upon surrender to the Company's transfer agent, Corporate
Stock Transfer (www.corporatestock.com). Please contact
Corporate Stock Transfer for further information and costs by
calling (303) 282-4800.
ABOUT U-VEND, INC. U-Vend, Inc. is currently headquartered in
Santa Monica, CA. with additional locations in Stoney Creek,
Ontario, Canada, Chicago, IL. and Williamsville, NY. U-Vend
develops, distributes and markets various "next-generation"
self-serve electronic kiosks in a variety of locations ranging from
grocery stores, drug stores, mass merchants, malls, and other
retail locations in North America. The Company owns and
operates kiosks and has partnered with numerous national consumer
product companies to deliver new and unique customer retail
experiences in an automated setting. For more information on
U-Vend, visit www.u-vend.com.
Follow U-Vend on Twitter: https://twitter.com/u_vend
Like U-Vend on Facebook:
https://www.facebook.com/pages/U-Vend-Inc/515566561886917
Forward Looking Statements Certain statements contained in
this news release regarding matters that are not historical facts
may be forward-looking statements. Because such forward-looking
statements include risks and uncertainties, actual results may
differ materially from those expressed in or implied by such
forward-looking statements. Factors that could cause actual results
to differ materially include, but are not limited to, uncertainties
pertaining to market acceptance for the Company's products and
services, its ability to succeed in increasing revenues in the near
term to attain profitable operations and generate sufficient cash
flow from operations, the effect of new competitors in its markets,
its integration of acquired businesses, and other risk factors
identified from time to time in its filings with the Securities and
Exchange Commission, including the Company's Annual Report on Form
10-K, Quarterly Reports on Form 10-Q and current reports on Form
8-K which are available at the SEC's website www.sec.gov. Other
factors not currently anticipated may also materially and adversely
affect Speedemissions' results of operations, financial position,
and cash flows. There can be no assurance that future results
will meet expectations. While the Company believes that the
forward-looking statements in this news release are reasonable, the
reader should not place undue reliance on any forward-looking
statement. In addition, these statements speak only as of the
date made. The Company does not undertake, and expressly
disclaims any obligation to update or alter any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as required by applicable law.
For more information: Corporate Office Tel: (855) 55-UVEND
Email: info@u-vend.com Investor Relations Tel: (855) 55-UVEND, ext.
3 Email: ir@u-vend.com
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