Tatyana Designs, Inc. Completes Name Change and Reverse Stock Split
*ASCOD slated to change to TATD in 20-30 days
Formerly AirScooter Corporation, Company Quotes on OTC Pink - Temporary Symbol:
ASCOD Reflects Name Change and a 1 for 15 Reverse Stock Split
LAS VEGAS, Aug 13, 2012 (GlobeNewswire via COMTEX) -- Tatyana Designs, Inc. (the
"Company") (otc pink:ASCOD),announced today that it has formally completed its
name change along with a 1 for 15 reverse stock split and related transactions
resulting in 11,935,000 shares of common stock issued and outstanding with
25,000,000 shares, par value $0.001, authorized. The Company also has 5,000,000
shares of preferred stock authorized, par value $0.001, with no preferred shares
outstanding.
Acceptance by FINRA of the name change and reverse split reflect the final step
connected with the August 7, 2010 reverse merger and recapitalization among
AirScooter Corporation (renamed Tatyana Designs, Inc.) and Design Technology
Holding, LLC ("DTH"), a privately held limited liability company with
wholly-owned subsidiaries doing business as Bettie Page ("BPC") clothing. As a
result of the merger, the business of DTH, has merged and is now owned by the
Company. The Company also completed a $200,000 capital raise in connection with
the transaction. For details of the merger, the new business, new management and
ownership see the Company's online filings at:
otcmarkets.com.
"With the previously announced name change and reverse stock split now officially
complete, we are now in a position to clearly communicate our business and
financial information," said Jan Glaser Co-Chief Executive Officer and Treasurer.
"We currently own and operate profitably eight boutiques in four states along
with an active e-commerce business Click for Detail and a
wholesale division selling to independent boutiques in the United States and 27
other countries. We look forward to communicating future business developments
and financial progress to our stockholders and the investment community under the
Tatyana Designs, Inc. name. We expect the temporary stock symbol of ASCOD to
change to TATD in 20-30 days to better identify our symbol and company."
About the Company - Based in Las Vegas, Nevada, Tatyana Designs, Inc. is a
growing retailer specializing in contemporary designs inspired by the 50's and
the iconic Bettie Page. The merchandise offered through eight boutiques, an
active e-commerce business and through a wholesale division is a diverse mix of
high-quality and attractively priced apparel, jewelry, accessories and gifts.
Bettie Page collections target the 18-35 year-old, fashion conscious, female
customer, but women of all ages are attracted to the unique retro look. New
product styles are presented monthly. For more information on the company please
visit the Web site at tatyanadesigns.com.
Trademark Information: Bettie Page is a trademark registered to Mark A. Roesler,
dba Bettie Page LLC |
