(BSNS WIRE) Summus Works, Inc.: Cancellation of Common Stock, Confirmation of Authorized Shares
Business Editors
DENVER--(BUSINESS WIRE)--May 10, 2006--
Summus Works, Inc. (Pink Sheets:SMMW) confirmed that the
Company's previously announced cancellations and retirement of common
stock are measures in line with the Company's VVV policy to facilitate
pending and future mergers and acquisitions. Additionally, having
already reduced the total amount of authorized shares by 20% to 80
billion, the Company reaffirmed that it will not increase the amount
of authorized shares to facilitate mergers and acquisitions, pending
or otherwise.
Summus Works, Inc. (Pink Sheets:SMMW) is a multi-media holding
company with interests in outdoor sports, retail, e-tail, print, web,
television and film. For more information on the company or its
outdoor sports and media subsidiaries, visit www.summusworks.com.
This release includes forward-looking statements made pursuant to
the safe harbor provisions of the Private Securities Litigation Reform
Act of 1995 that involve risks and uncertainties including, but not
limited to, the impact of competitive products, the ability to meet
customer demand, the ability to manage growth, acquisitions of
technology, equipment, or human resources, the effect of economic and
business conditions, and the ability to attract and retain skilled
personnel. The Company is not obligated to revise or update any
forward-looking statements in order to reflect events or circumstances
that may arise after the date of this release.
CONTACT INFORMATION:
Summus Works, Inc.
Dan Burgess, 888-607-9495
summus@summusworks.com
or
SmallCapVoice.com (Investor Relations)
Stuart T. Smith, 512-267-2430
Info@Smallcapvoice.com
