Futurebiotics Inc. authorizes 1-10 reverse stock split
HAUPPAUGE, N.Y.--(BUSINESS WIRE)--Dec. 30, 1996-- Futurebiotics Inc announced today that its board of
directors has declared a 1-for-10 reverse stock split of its common stock.
A majority of the company's stockholders had previously given their written consent to the Reverse Stock Split in
lieu of a meeting of stockholders on Oct. 7, 1996. All stockholders of record as of the close of business on Dec. 30,
1996 will receive one new share of common stock for every 10 shares of common stock then outstanding.
Futurebiotics is engaged in the distribution, marketing and sales of vitamins, minerals, herbal formulators and
specialty nutritional supplements, which it markets principally to health food stores through regional distributors.
CONTACT: Futurebiotics Inc.
Reginald Spinello, 516/273-6300 |
