Challenger Powerboats Completes Reverse Stock Split
WASHINGTON, Mo., Oct. 30 /PRNewswire-FirstCall/ -- Challenger Powerboats, Inc. ('Challenger') (OTC Bulletin Board: CPWB), today announced that its Board of Directors has declared a reverse split of its common stock, at a one-for-twenty ratio (every twenty shares being combined into one), effective at the opening of trading on October 31, 2007. Following the reverse stock split, the Company's common stock will trade under a new symbol CPBI on the OTC Bulletin Board.