Salamon Group Inc. Clarifies Total of Authorized Capital
Jan 5, 2011 2:55:00 PM
2011 GlobeNewswire, Inc.
LAS VEGAS, Jan. 5, 2011 (GLOBE NEWSWIRE) -- Salamon Group Inc., (OTCBB:SLMU) today became aware that beginning with the Company's filing of its annual report on Form 10-K for the fiscal year ended December 31, 2008 filed with the SEC on April 15, 2009 and in all subsequent filings of the Company's interim and year end financial reports to date ("Error Period") , the total authorized capital of the Company was erroneously reported as being Five Hundred (500) million shares of common stock, whereas the total authorized capital of the Company is Fifty (50) million shares of common stock. The correction will be made on all future filings of the Company's financial statements, commencing with the Company's filing of its annual report on Form 10-K for the fiscal year ended December 31, 2010.
No error was made in the reporting of the total amount of common shares issued and outstanding of the Company during the Error Period.
The total number of shares of common stock of the Company issued and outstanding on this date is 25,460,728.
For more information, please refer to the Company's filings on the SEC website at www.sec.gov
About Salamon Group Inc.
Salamon Group Inc. is a publicly traded independent "green" energy company with new headquarters in Modesto, California, USA.
