$ITCJ Recent PR:
This was the PR released last week (but taken down for undisclosed reasons) and quoted from primecomm's post. The SS reduction was true to the PR, so that shows some credibility. I bolded it below:
Quote:
P.R. Thomas, President, Infinite Tech Corp
Infinite Technology Corporation (OTC Pink:ITCJ) announced that the company is finalizing a $3,400,000 Contract with a major US retail chain for distribution rights and supply of their 100% Whey Protien, Super Metobolic Optimizer, and Super L Carnitine products. The agreement grants exclusive rights to distribute ITCJ's products for a term of four (4) years. ITCJ will begin production and shipment to 4,000 locations out of the retailer's 5,100+ stores nationwide. Production for its initial shipment is scheduled to begin on March 19th, 2015. "Having such an established company as our retail outlet will be a key element to the future success of Infinite Technology. We are excited to see our products distributed by a respected name in the industry." states President P.R. Thomas. The company also intends to update itself to OTC Pink Current in the coming weeks by providing updated filings. "We are in the process of reducing our share structure to make it more attractive to investors. We can also assure investors that ITCJ has no intention whatsoever for a reverse split." says P.R. Thomas. The company will also retire 2,500,000,000 of the O/S, leaving a remainder of 850,143,488 Outstanding Shares. The A/S is currently in the process of being reduced from 20 billion to 1 billion Authorized Shares. More announcements will be released in the near future. Infinite Technology Corp. is a private label fitness and nutrition based company in Texas. The Company manufactures product for the health and fitness industries. Safe Harbor: This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.
To summarize this PR:
- The company is finalizing a $3.4m contract with a major US retail chain. Will we possibly see their product on the shelves? We shall soon find out.
- Production has been scheduled to start since March 19, 2015
- The company plans to update their filings and become current in coming weeks.
- There will be no reverse split.
- SS will be reduced significantly. <-- Done as of March 18, 2015
Share Structure Updated on OTC Markets:
Share Structure
Market Value: $85,014 a/o Mar 25, 2015
Shares Outstanding 850,143,488 a/o Mar 18, 2015
Float 390,150,600 a/o Mar 18, 2015
Authorized Shares 1,000,000,000 a/o Mar 18, 2015
Par Value 0.0001
