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Re: tutankhamuns post# 33295

Wednesday, 06/12/2019 2:41:22 PM

Wednesday, June 12, 2019 2:41:22 PM

Post# of 38073
I never saw a RS explained this way at least the CEO admits reverse splits hurt shareholders.

Current Update On Our Reverse Split:

Due to our limited manpower resources - (and its commitment to the construction and Auditor Review of our Consolidated Financial Statements) - we had limited time available to respond fully to all the preliminary requests for information/comments required in the FINRA response letter within their required time limit. We therefore, and at our option, have withdrawn our application for the reverse split of 1 for 1000.

We now have the time and professional manpower to fully respond to FINRA. During our response to FINRA’s Preliminary Letter we have amassed much of the information that was needed to proceed but needed to be current in our reporting to be approved. The Company believes that our application for a reverse at this time should be fast-tracked. We are an operating business with approximately 845 shareholders (counting those in DTC/CEDE), and because of our current circumstances (operations are running and profitable) we should be on a fast-track for the reverse split application we will be filing next week.

We have decided to reduce the size of the reverse split in order to keep liquidity in the stock as well as to keep as much of our current stockholder base intact as possible. We will be filing for a 1/200 (one new share for every 200 old shares) reverse split and expect clearance within weeks of FINRA’s receipt of all the requested information.

Arthur D. Viola

Chairman & President

(917) 617 - 5445

onewallstreetn@aol.com .

https://www.otcmarkets.com/filing/html?id=13469718&guid=-opyUpWEnWdyu3h#EX99-1_HTM

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