United Consortium Announces Reverse Stock Split, Symbol Change and Expanded Business Operations
11 Aprile 2008 - 4:03PM
Marketwired
FORT LAUDERDALE, FL , a strategic acquirer and international
distributor of well known branded consumer goods, today announced
more details on its newly revamped corporate strategy and expanded
business operations. In addition, the Company announced a 1 for
1,600 reverse stock split of its outstanding common shares as part
of a necessary capital restructuring. Our common stock will trade
on a post-split basis at market open on Friday, April 11, 2008.
Effective close of business on April 10, 2008 every 1,600 shares of
common stock outstanding immediately prior thereto will be equal to
one share of common stock. All fractional shares which would
otherwise be required to be issued as a result of the stock split
will be rounded up to the nearest whole share.
As of result of the reverse split, our stock symbol will change,
the new stock symbol effective April 11, 2008 will be UCSO.
"The recent announcements regarding my taking over as the new
CEO and President, our name change, and recent capital
restructuring signals a new era for the company," said Gonzalo
Lage, CEO and President of United Consortium. "We intend to
continue recruiting senior management, partners, product licensors,
and acquisition targets that can add immediate impact to our
operation. We have a plan, we have products and business at hand,
and we intend to keep our stakeholders informed during this
transition period."
The ultimate goal of United Consortium is to acquire and develop
brands already well known to retailers and consumers. The company
strives to preserve competitiveness and independence of individual
brands, identity, product development, sales, and marketing. The
operation is focused on delivering efficient quality control
systems to provide easy, trouble-free sales for retailers and to
retain brand allegiance of consumers.
To contact United Consortium regarding product licensing, brand
acquisition or distribution opportunities for your products, please
call 954-642-8806 or email us at info@unitedconsortium.net.
ABOUT UNITED CONSORTIUM, LTD.
United Consortium, Ltd. ("UC") is a strategic acquirer and
distributor of well known brands to retailers and consumers alike.
United Consortium's headquarters are located in Florida, which
allows the company timely access for product introductions as well
as quick time management of its resellers in the Caribbean, Central
and South America.
Legal Notice Regarding Statements Including Those That Are
Forward Looking
The statements in this press release regarding real or implied
expectations with regard to the future impact on the company's
results from acquisitions or developed properties are
forward-looking statements and are within the meaning of the
Private Securities Litigation Reform Act of 1995. The statements in
the above document may also contain "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Although every
effort has been made not to include statements that involve risk
and uncertainties that may be the case and such statements are
subject to change at any time. There are no anticipated results
detailed in the above statements, however, actual results may
differ materially from expected or implied results.
For more information, contact: United Consortium Ltd. Press and
Investor Relations Tel. 954-642-8806 Fax 954-337-8008 Email Contact
www.unitedconsortium.net
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