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Wednesday, August 10, 2011 7:26:18 AM
SportsQuest, Inc., (Pink Sheets: SPQS) announced today that it has received shareholder consent and board of director approval to amend its Articles of Incorporation to decrease its number of authorized shares by 1 billion.
Article IV of the Company’s Articles of Incorporation will be amended to decrease the number of authorized shares from 5 billion to 4 billion shares.
“We are committed to driving the company forward and delivering shareholder value. We believe it is in the best interest of our shareholders to decrease the number of authorized shares at this time,” stated Jeffrey Burns, CEO of SportsQuest, Inc.
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