(COMTEX) B: GFYD: Reverse Split and Ticker Symbol Change [delayed] ( Event
/Knobias.com )
B: GFYD: Reverse Split and Ticker Symbol Change [delayed] ( EventX/Knobias.com )
Ridgeland, MS, FEB 11, 2005 (EventX/Knobias.com via COMTEX) -- GFY Foods, Inc.
(GFYD) announced they have completed a ten thousand for one reverse split. In
addition to the reverse split, the Company has also initiated a ticker symbol
change from (GFYO) to (GFYD). The above changes were effective as of February 8,
2004. Based on the recent restructuring, the current estimated shares
outstanding are now 680,000 with an estimated float of 250,000.
Management hopes that these changes will better position the Company to make
further acquisitions as well as provide an increased ability for upward price
momentum in the company stock. GFY Foods, Inc. seeks to focus their investment
and growth efforts on non-employee driven assets. These assets comprise but may
not be limited to life settlement policies and the purchase and development of
undervalued commercial and residential properties.
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