Electric City Corp. Reverse Split to Take Effect Tomorrow
14 Giugno 2006 - 11:24PM
PR Newswire (US)
Ticker Symbol Changed to ELCY ELK GROVE VILLAGE, Ill., June 14
/PRNewswire-FirstCall/ -- Electric City Corp. (OTC:ELCC) (BULLETIN
BOARD: ELCC) confirmed today that its recently announced 1 for 15
reverse split of its common stock will take effect with the opening
of the market tomorrow, June 15th. In connection with the reverse
split its ticker symbol will permanently change to ELCY. All
fractional shares that result from the 1 for 15 reverse split will
be rounded to the nearest whole share. After giving effect to the
reverse split the Company will have approximately 3,420,000 shares
of common stock outstanding and Series E preferred stock
convertible into approximately 1,550,000 shares of common stock.
Stockholders who hold their shares in brokerage accounts or "street
name" will not be required to take any action to effect the
exchange of their shares. Stockholders of record who hold physical
certificates registered with Electric City's transfer agent will
receive a transmittal letter requesting that they surrender their
old stock certificates for new stock certificates reflecting the
adjusted number of shares as a result of the reverse stock split.
LaSalle Bank, N.A., Electric City's transfer agent, will act as the
exchange agent for purposes of implementing the exchange of stock
certificates. About Electric City Corp. Electric City is a
developer, manufacturer and integrator of energy savings
technologies. Electric City is comprised of two integrated
operating companies that bring their extensive experience and
technologies together to provide customers with total energy
solutions. Electric City is based in Elk Grove Village, Illinois
and is traded on the OTC Bulletin Board. Additional information is
available at the Company's website at http://www.elccorp.com/ or by
calling 847-437-1666. Electric City Investor Relations Glen
Akselrod, Bristol Capital Ltd. Telephone 905-326-1888 E-mail
DATASOURCE: Electric City Corp. CONTACT: Electric City Investor
Relations, Glen Akselrod, Bristol Capital Ltd., +1-905-326-1888, or
Web site: http://www.elccorp.com/
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