ITGI- i know most people saw this news,but
i am working on a post that will open some
eyes to the amount of revenues this company makes..
this company recently came out of a reverse merger
and i think there is some future here..
Integrated Technology Group, Inc. Announces 4 for 1 Stock Split
DALLAS--(BUSINESS WIRE)--Aug. 4, 2000--Integrated Technology Group, Inc. (OTCBB:ITGI) today announced that its Board of Directors approved a 4 for 1 stock split of its common shares.
The board believes that the proposed split of shares is desirable to enhance the Company's flexibility in connection with possible future actions, such as stock dividends, corporate mergers, acquisitions of property, the funding of its business, and most importantly its proposed listing on the Frankfurt Exchange.
Additionally, the Board of Directors of the Company unanimously adopted a resolution proposing that the Company's Certificate of Incorporation be amended to increase the authorized capital stock of the Company to 50,000,000 shares, all of which will be common stock. The Board directed that the proposed amendment be submitted to a vote of the shareholders of the Company. If the amendment is approved by the holders of a majority of the Company's outstanding shares represented in person or by proxy at the Company's Annual Meeting, the Company's Certificate of Incorporation will be amended to provide that the Company is authorized to issue 50,000,000 shares of common stock.
The Company's Annual meeting is scheduled for Sept. 5, 2000, at which time the above proposal will be voted upon. The aforementioned stock split is pending approval of this proposal by the Company's shareholders. If approved the number of authorized shares will be increased to 50,000,000. The company plans to effect its 4 for 1 stock split within 10 days of approval by the shareholders.
Certain information included in this communication contains statements that are forward-looking, such as statements relating to the future anticipated direction of the industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth and potential contracts. These forward statements are subject to a number of known and unknown risks and uncertainties that could cause actual operations or results to differ materially from those anticipated.
CONTACT:
Ameri-First Securities Corp.
James N. Chatham, II, 214/599-9050
KEYWORD: TEXAS |
