Vision Real Estate Management & Development (fka VRMD)

[Rager]

And after the meeting do we see more selling on news like this?
Vision Real Estate Management and Development Decreases its Common Shares Authorized
Tuesday June 1, 1:15 pm ET


ALBANY, N.Y.--(BUSINESS WIRE)--June 1, 2004--Vision Real Estate Management and Development, Inc. (Pink Sheets: VRMD - News) has decreased the number of shares of common stock the company is authorized to issue to 150,000,000.
"This is one of the changes that were discussed at our recent shareholder meeting and we feel that this change will benefit the shareholders, stated, Daniel J. Duffy, Vice President of Vision Real Estate Management and Development.

"With a 150,000,000 shares authorized, the company has sufficient shares to close the pending acquisitions of the OM Companies and MEM Financial Solutions, which have a total combined revenues of $52,500,000 and combined net assets that total $10,000,000," stated Mr. Donovan Rhoden, President and CEO of Vision Real Estate Management and Development.

Forward-Looking Statements the private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the company's behalf. All statements, other than statements of historical facts which address the company's expectations of sources of capital or which express the company's expectation for the future with respect to financial performance or operating strategies, can be identified as forward-looking statements. Such statements made by the company are based on knowledge of the environment in which it operates, but because of the factors previously listed, as well as other factors beyond control of the company, actual results may differ materially from the expectations expressed in the forward-looking statements.



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Contact:
Vision Real Estate Management and Development, Inc.
Daniel J Duffy, 518-438-8100 Ex. 303
www.vrmdcorp.com



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Source: Vision Real Estate Management and Development, Inc.

http://biz.yahoo.com/bw/040601/15791_1.html