Zcom Networks, Inc. Reduces Total Authorised Shares by 90% to 500,000,000 Monday December 22, 8:00 am ET
LOS ANGELES, CA--(MARKET WIRE)--Dec 22, 2008 -- Zcom Networks, Inc. (Other OTC:ZCNW.PK - News) -- The Board of Directors has unanimously approved a reduction in total authorized shares of Zcom Networks, Inc. from 5,000,000,000 to 500,000,000. This action in effect reduces the total authorized shares of the company by 90%. The company recently affected a reverse split of 200 to one and changed its ticker symbol from ZCMN to ZCNW. This restructuring is aimed at repositioning the company for further acquisition for growth and added shareholder value. For more information, visit www.zcomnetworks.net
Hasnt been reduced yet according to the Nevada SOS site.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.