Triton (Pinksheets:TTDZ - News) announced today that from the previously announced Corporate Action to buyback Common Shares, finally Retired 43,817,855,923 Common Shares or 99% of the issued and outstanding shares of the Company. Following this Action the Company's Proforma Market Capitalization is calculated as follows:
MARKET CAPITALIZATION
MARKET CALCULATED
CAPITALIZATION COMMON SHARES MARKET PRICE
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AS OF SEPTEMBER 30 2010 $ 4,400,786 44,007,866,636 $ 0.0001
LESS COMMON SHARES RETIRED 43,817,855,923
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AS OF OCTOBER 18, 2010 $ 4,400,786 190,010,713 $ 0.0231
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TOTAL OUTSTANDING SHARES
AFTER EXCHANGE $ 4,400,786 190,010,173 $ 0.0231
"I can very confidently confirm that we have retired 43,817,855,923 common shares resulting from this Corporate Action," said Justeene Blankenship, President of Action Stock Transfer Corporation.
"We have contracted with Broadridge Financial Solutions, Inc. to advise all shareholders and their brokers every action taken regarding the Corporate Action to buyback 99% of the Common Shares. We have also advised all other shareholders via mailing and public press releases each step of the way during the implementation of this Corporate Action, and have communicated and explained to the responsible authorities the outcome of this Corporate Action. We strongly believe that the Company's Market Capitalization will now be adjusted per the above mentioned Market Capitalization Table.
"During these Economic hard times we have endured many hardships, but we are very confident that with the final steps of this Corporate Action we are now poised to finalize all the funding of our projects and offer the industry more innovative solutions needed," said Gregory Lykiardopoulos, Chairman and CEO of Triton Distribution Systems, Inc.
About Triton Distribution Systems
