Monday, February 07, 2011 4:55:27 PM
PARADIGM MEDICAL INDUSTRIES, INC.
4273 South 590 West
Salt Lake City, Utah 84123
February 3, 2011
To the Shareholders of Paradigm Medical Industries, Inc.
The Company announced that a 1-for-100 reverse stock split of the Company’s common
stock takes effect at the open of business today. Such action results in the issued and outstanding
shares of common stock of the Company being combined in a ratio of one for one hundred, with
the result that each hundred shares of common stock issued and outstanding immediately prior to
the open of business today will be automatically and without any action on the part of the holder
thereof reclassified and combined into one share of common stock, par value $.0001 (the
"Reverse Split"). All shares of common stock so split that are held by a stockholder will be
aggregated subsequent to the Reverse Split, and each fractional share resulting from such
aggregation will be rounded-up to the nearest whole share.
The Reverse Split was approved by the Company’s Board of Directors on November 24,
2010 in accordance with the applicable provisions of the Company’s Bylaws and the Delaware
General Corporation Law, and subject to approval by the Financial Industry Regulatory
Authority (FINRA). FINRA approved the Reverse Split, effective at the open of business on
February 3, 2011. The aggregate number of authorized shares of common stock and the par
value of the common stock were not affected by the Reverse Split.
Sincerely,
Stephen L. Davis
President and Chief Executive Officer
RIGHT FROM THE HORSES MOUTH-PARADIGMS WEBSITE
GLTA
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