The Fight Zone, Inc. to Amend March 30, 2009 Filing
Apr 13, 2009 11:40:00 AM
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View Additional ProfilesADDISON, TX -- (MARKET WIRE) -- 04/13/09 -- The Fight Zone, Inc. (PINKSHEETS: TFZI), in a filing with the State of Colorado on March 30, 2009 to change the name of the Company to Gold Recycle Corporation, the Company inadvertently filed under Article IV (d) a statement with regard to a reverse split of the company on a specific date. According to Company Co-CEO Steven E. Humphries, "This filing will be amended today through the state of Colorado."
Humphries added, "The Company has no desire to reverse its stock as we have made tremendous progress with the merger of Gold Recycle Corporation into the Fight Zone. Investor confidence is at an all time high."
The metals recycling business is the second biggest source of gold, silver and platinum. An estimated $9 billion is spent on jewelry every year in the U.S. alone. Worldwide, between 23% and 25% of the gold supply comes from recycling. That translates into 30 million ounces of gold into the global market from recycling which equals $20 billion annually.
The gold recycling business is a $30 billion dollar annual business. GRC Management is forecasting gross revenues of $2 to 4 million dollars in the first 12 months of operation.
The statements contained in this press release that are not historical facts are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 ("the Securities Act"), as amended and the Private Securities Litigation Reform Act of 1995. Such forward-looking statements may be identified by, among other things, the use of forward-looking terminology such as "believes," "expects," "may," "will," "should," or "anticipates" or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties. In particular, our statements regarding the anticipated growth of the company from our subsidiary divisions, the anticipated longer-term growth of our business, and the timing of the projects and trends in future operating performance are examples of such forward-looking statements. The forward-looking statements include risks and uncertainties, including, but not limited to, the timing of revenues due to the uncertainty of market acceptance and other factors, including general economic conditions, not within our control. The factors discussed herein and expressed from time to time in our filings with the Securities and Exchange Commission could cause actual results to be materially different from those expressed in or implied by such statements. The forward-looking statements are made only as of the date of this filing and we undertake no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
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Jennifer Goldstein
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