Tuesday, August 07, 2007 12:00:54 PM
FARMINGDALE, N.Y., Aug. 7 /PRNewswire-FirstCall/ -- Cemtrex Inc.
(OTC: CTEX) announced today that its Board of Directors has declared a reverse
stock split, at a 1 for 25 ratio, effective August 21, 2007. As a result of
the reverse split, every twenty-five shares of outstanding common stock will
be changed into one share of common stock. All fractional shares shall be
rounded up to the nearest whole number. The Company currently has 858,196,526
shares of common stock outstanding.
Cemtrex is engaged in manufacturing and selling the most advanced
instruments for emission monitoring of particulate, opacity, mercury, sulfur
dioxide, nitrogen oxides, etc. Cemtrex also provides turnkey services for
carbon creation projects from abatement of greenhouse gases pursuant to the
Kyoto Protocol and assists project owners in the selling of carbon credits
globally. The Company's products are sold to power plants, refineries,
chemical plants, cement plants and other industries, including federal and
state governmental agencies.
Safe Harbor Statement
This press release contains forward-looking statements. Actual results
could differ materially from those projected in the forward-looking statements
as a result of a number of risks and uncertainties. Statements made herein are
as of the date of this press release and should not be relied upon as of any
subsequent date.
For further information, please contact:
Cemtrex Inc.
19 Engineers Lane
Farmingdale, NY 11735
URL: http://www.cemtrex.com
Email: agovil@cemtrex.com
SOURCE Cemtrex Inc.
Contact Information:
Cemtrex Inc., agovil@cemtrex.com
WebSite:
http://www.cemtrex.com/
*** end of story ***
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