Shareholders just got screwed with a 250 to 1 RS
Press Release Source: Universal Communication Systems, Inc.
Universal Communication Systems, Inc. Announces a Major Corporate Re-Organization; Company to Effect a Change of Name to AIR WATER INTERNATIONAL CORPORATION and Enact a Reverse Split
Wednesday September 12, 6:00 pm ET
MIAMI BEACH, FL--(MARKET WIRE)--Sep 12, 2007 -- Universal Communication Systems, Inc. (Other OTC:UCSY.PK - News) (Berlin:UVC.BE - News) (XETRA:UVC.DE - News) (Frankfurt:UVC.F - News) (Munich:UVC.MU - News) (WKN: 917633) announced today that the Board of Directors has unanimously voted to enact a major re-organization of the company. This will involve a change of name to: AIR WATER INTERNATIONAL CORPORATION. In addition the company will enact a reverse split of the company's common stock with a ratio that will be 250 to 1. The date of record will be October 1st, and the effective date will be October 2nd, 2007. The company will announce a new Cusip and a new trading symbol as soon as it is obtained from the NASD.
The company's new major focus shall be the continuing development of new high tech Air to Water machines and the marketing thereof worldwide.
About Universal Communication Systems, Inc.:
Universal Communication Systems, Inc. is a publicly quoted US Company with operating subsidiaries concentrating on operations in the field of Water from Air extraction, Manufacture of and provision of PV Solar Energy, Solar-powered consumer electronic products, and security products.
