Morning all, Just going through the wire and this caught my eye, might be something to watch as things progress.
Applies to -- INEX
Intrex Inc. Announces a 25 for 1 Reverse Split With a $1,000,000 Initial Infusion
Intrex Inc. Announces a 25 for 1 Reverse Split With a $1,000,000
Initial Infusion
NEW YORK (March 12) BUSINESS WIRE -March 12, 1999--Today, a new
management team took control of Intrex Incorporated (OTC BB:INEXD), a
publicly traded Over the Counter Bulletin Board stock. As a first step,
the management team has restructured the company by effecting a 25 for
1 reverse split and an initial infusion of $1,000,000 in capital.
Intrex (INEXD) is in the processes of being reincorporated under the
laws of Nevada.
Intrex (INEXD) will focus on developing a specialized financial
website for use by accredited investors and institutions. Intrex is
planning to use the web to offer specialized products that satisfy the
needs of this client base. These products will be of a more interesting
nature than is currently available on this new medium.
The company will be headed by David M. Weiss who brings to the company
30+ years financial industry experience. Besides his extended brokerage
experience, Mr. Weiss is the author of several successful industry
textbooks. In addition to the new management team, the company is
forming a Board of Directors of equally qualified financial and
technical experts.
The company intends to comply with the National Association of
Securities Dealers' (NASD) most recent rulings as to the filing of Form
10SB which will make the company a reporting company.
Except for historical information contained herein, the matters set
forth in this news release are forward-looking statements.
Forward-looking statements involve certain risks and uncertainties that
could cause actual results to differ materially from expectations.
-0- et/ny*
CONTACT: Rubenstein Investor Relations, New York
Richard Rubenstein, 212/843-9222
or
Intrex Inc., New York
David Weiss, 212/742-9870
KEYWORD: NEW YORK NEVADA
INDUSTRY KEYWORD: BANKING INTERACTIVE/MULTIMEDIA/INTERNET
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