Certified Environmental Group Announces Proper Share Structure and Corporate Direction
Monday , November 10, 2008 06:30ET
TORONTO, ONTARIO, Nov 10, 2008 (Marketwire via COMTEX) -- Certified Environmental Group Inc. (PINK SHEETS:CENV) and its subsidiary Global Life Water would like to inform our shareholders that we are moving forward in an aggressive fashion to complete several agreements with large development companies to move forward our company initiative of providing clean drinking water and power to regions less fortunate.
As revealed in our first press release we are working along side pink sheets to become a reporting company. Many investors have contacted CEG management via phone and email in the last several days asking the current share structure for CENV. Management will be retiring 190,000,000 shares this week to bring the current structure by weeks end to the following:
Authorized Shares: 900,000,000
Issued and Outstanding Shares: 551,169,434
Restricted Shares: 504,811,553
Free trading Shares: 46,357,881
Held in CEDE:40,364,183
Management plans to upload a current report from DTCC indicating the current number of shares in "CEDE" as well as update pink sheets with the proper share as soon as the shares have been retired later this week. Certified Environmental Group Inc. has several exciting plans in the works and will continue to keep our shareholders informed.
Certified Environmental Group develops and commercializes alternative energy solutions focusing on clean drinking water, power and shelter through its fully owned operating subsidiary Global Life Water. Visit us at www.certifiedenvironmentalgroup.com.
Safe Harbor: This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Certified Environmental Group Inc. to be materially different from the statements made herein.
SOURCE: Certified Environmental Group Inc.
Certified Environmental Group Inc.
Investor Relations
Email: investors@certifiedenvironmentalgroup.com
Website: www.certifiedenvironmentalgroup.com
Copyright (C) 2008 Marketwire. All rights reserved.
AI
