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L@@K FAMILIAR: INMG to Split Its Stock, Decrease Authorized Shares and Pursue an OTCQB Listing

April 20, 2016 09:30 ET

Innovativ Media Group (INMG) to Split Its Stock, Decrease Authorized Shares and Pursue an OTCQB Listing

LOS ANGELES, CA--(Marketwired - Apr 20, 2016) - Innovativ Media Group, Inc. (OTC PINK: INMG) ("Company"), announced that in order to improve shareholder liquidity, attract new shareholders and investors and to pursue acquisition strategies, the Company has reversed split its common stock at a ratio of 500 to 1, effective today, and it intends to substantially decrease its authorized shares and to seek an upgraded listing on the OTCQB by the end of 2016.

Company CEO Tom Coleman said, "We believe that these corporate actions are in the best interest of all existing and prospective shareholders as they will allow us to take advantage of our strong financial position and to grow the Company and business in a manner not achievable previously."

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http://www.marketwired.com/press-release/innovativ-media-group-inmg-split-its-stock-decrease-authorized-shares-pursue-otcqb-listing-otc-pink-inmg-2116764.htm

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