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Tuesday, February 21, 2012 3:58:10 PM
February 21, 2012 (MMD Newswire) -- 8000 Inc (PINK: EIGH) announces that it has closed the private off market share purchase transaction and that "Bryant" has confirmed they have secured the purchase of the controlling interest in 8000 Inc from the Company's shareholders.
The Company had previously withdrawn from 3 business agreements, as disclosed in 2011, resulting in 16.5Million shares in physical certificate form returned to Company treasury. This reduces the number of available issued shares in the float of the Company to 127,324,000 common shares.
Bryant has agreements to purchase 122,131,631 shares of the common shares of 8000 Inc from 206 out of the recorded 742 shareholders in the Company.
The 122,131,631 common shares purchased through this voluntary agreement are planned to be returned to the Company's treasury through the contemplated progression to a private commercial entity.
The 536 non-participating recorded shareholders who still retain shares should contact the Company at 8000inc@tbgfund.com to validate share positions still held in the Company (EIGH.pk).
This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. The words "estimate," "project," "intends," "expects," "believes," and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. For a more complete description of these and other risk factors that may affect the future performance of 8000 Inc., see published disclosure documents at www.OTCMarkets.com Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made and the Company undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.
http://www.mmdnewswire.com/jonathan-bryant-and-associates-eigh-stock-89815.html
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