VOIP5000, Inc. Retires 50 Million Shares Back to Treasurey and Requests NOBO List (Market Wire 11/21 10:39:44)
PROVIDENCE, RI -- (MARKET WIRE) -- 11/21/06 -- VOIP5000, Inc. (PINKSHEETS: VPFI), a provider of click to call services under the Clixme name as well as other VoIP applications for online businesses, announced today that it has ordered a current list of Non Objecting Beneficial Owners (NOBO) from ADP in order to compare with DTC reports to find the actual number of shares outstanding and the number of holders of the company's shares.
"I wanted to alert shareholders as to the exact number of shares in the current float," said CEO Fotis Georgiadis. "We are committed to protecting the interests of our shareholders," he continued.
The company also retired 50 million shares to the treasury. "This measure will provide a non-dilutive means to increasing shareholder value," he continued.
"Our staff has been working diligently to move the company forward and achieve our goals," said Georgiadis.
About VOIP5000, Inc.:
VOIP5000, Inc. (PINKSHEETS: VPFI) develops and markets VoIP applications and services for business and consumer use. Its flagship service, Clixme.com, provides click to call services to businesses in the U.S. and Canada. Businesses can sign up and find out more about Clixme at http://www.clixme.com
Note: All statements, other than statements of fact, included in this release, may include forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company cautions that such matters necessarily involve significant risks and uncertainties that could cause actual operating results to differ materially from such statements, including, without limitation: (i) competition, (ii) fluctuations in demand and supply of our target markets, including Internet-based telephone operations (iii) risks associated with new business ventures. Investors are advised to seek professional advice and conduct a complete due diligence regarding this, or any other company being considered for investment purposes. Investing in securities, particularly in issues priced at less than $1 per share, involves substantial risk and may result in a partial or complete loss of investment capital. Press releases issued by the company should not be interpreted as an offer to sell or a solicitation to buy company stock.
Contact: VOIP5000, Inc. Phone: 1-866-537-6010 Email: ir@voip5000.com
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