Thursday, April 28, 2016 10:40:47 AM
DAMASCAS, MD., April 28, 2016 (GLOBE NEWSWIRE) -- Syndication Inc. , (SYNJ.PK), on April 12th, 2016 filed its 2015 Year End 4th Quarter Financial Statement indicating that over the last two Quarters the Company's stock buyback and rescission program resulted in a net reduction of its I/O (Issued and Outstanding), by -350 Million shares of Common Stock.
The BOD then passed resolutions declaring its intent to continue the program through 2016.
The BOD concluded that the Buyback and Rescission Program and other recently implemented strategies are effectively altering the Company's financial profile to meet the financial requirements outlined within Tier 3 of the qualification standards for the AMEX-ALTERNEXT Exchange. All prerequisites including a $4 Million valuation requirement, are steadily being achieved. The stock buyback and rescission strategies are designed to gain the equity leverage and stock price levels required to meet the qualification standards of the exchange. These benchmark achievements matched with the addition of a revenue dimension should effectively alter the overall financial profile of the Company, justify an increase in the market valuation of ARCHER and Syndication Inc. the Parent, and produce a subsequent positive affect on our stock price. When asked to describe why ARCHER is creating such a buzz in the day trading market, the CEO responded, "take 2 minutes, click the link below and watch todays "Trade of the Day" video on our DTX You Tube page, and then you'll quickly understand", said CEO of Syndication Inc. , Sorrentino.
Nothing I state is intended to be a recommendation to buy or sell, opinion only. Readers are solely responsible for how they use the information.
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