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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Jim Bishop who wrote (72671)	11/29/2000 3:39:07 PM
From: Patricia Meaney	Respond to of 150070

TXMC - NO r/s! Tirex Announcement /FROM CANADA NEWSWIRE MONTREAL 514-878-2520/ TO BUSINESS EDITOR: Tirex Announcement MONTREAL, Nov. 29 /PRNewswire/ - The Tirex Corporation (OTCBB-TXMC), the developer of a patented cryogenic tire recycling system announced today that the Company does not have under consideration a reverse stock split. In response to inquires by various stockholders and to clarify for all stockholders the Company's position, CEO and President John L. Threshie Jr. stated that the Company's Board of Directors is not adopting any resolution recommending a reverse stock split and Management has not proposed that the Board take such action. Further, Tirex' Management and Company Counsel acknowledges a reverse stock split cannot be effectuated by a Board of Director's resolution, in any event, as it requires stockholder approval. Thus adequate prior notice to stockholders would have to be given, which the Company has not done, has no plans to do at this time, and, Mr. Threshie concluded that any rumors suggesting that the Company had taken any action regarding a reverse stock split are simply incorrect. SOURCE Tirex Corporation /CONTACT: Jackie Reid, The Tirex Corporation,(514) 933-2518, Fax: (514) 933-6368, www.tirex.com Nov-29-2000 20:31 GMT Symbols: US;TXMC Source PRN PR NewsWire Categories: NWR/PQ NWI/ENV NWI/CHM NWS/OTC MST/I/POL MST/I/CHM