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Microcap & Penny Stocks : Ecotyre Technologies. ETTCD. Investors patiently watching!
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To: Jack Kanak who wrote (5)6/9/1997 12:12:00 AM
From: Jack Kanak   of 15
 
June 2 Press Release

Jack Kanak

_______________________________________
Monday June 2 10:48 AM EDT
EcoTyre sets 1-for-7 reverse stock split

HOLTSVILLE, N.Y., June 2 (Reuter) - EcoTyre Technologies Inc said Monday
its board has approved a 1-for-7 reverse stock split as authorized by
stockholders at its May 29 annual meeting.

The company said the reverse split was required by Nasdaq as a condition
for continued listing on the Nasdaq SmallCap Market. It is meant to
increase the long-term marketability and liquidity of the company's
common stock.

All shares of EcoTypre common stock will be reclassified as 0.1429
shares of common stock, the company said.

The company said the reverse split became effective Monday before the
opening of trading on the Nasdaq SmallCap Market.

Holders shall have a right to payment in cash for fractional interests.

For the next 30 days, the company's stock symbol will be posted as(ETTCD
), it said
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