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CTLE: 4 for 1 split approved by board

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sweetpepperjam Member Level  Monday, 03/19/01 10:37:56 PM
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Post # of 72 
CTLE: 4 for 1 split approved by board

Cirus Telecom, Inc.
www.CirusTelecom.com

The present capital structure of the Company authorizes
30,000,000 shares of Common Stock. As of the Record Date,
there were 15,175,456 shares outstanding, in excess of
11,000,000 of which are held by five stockholders. In
order to provide greater liquidity for the Common Stock,
the Board of Directors deem it advisable to forward split
the outstanding shares of Common Stock on a four-for-one
basis. That means that for each share of Common Stock held
on the effective date of the split, a stockholder will
receive three additional shares of Common Stock. Upon the
effectiveness of the forward split, the Company will have
60,701,824 shares of Common Stock outstanding. In order to
accommodate this increase in outstanding shares of Common
Stock, the Board of Directors deems it advisable to
increase the number of authorized shared of Common Stock
from 30,000,000 to 100,000,000. Therefore, the Board of
Directors has approved the amendment of the Company's
Certificate of Incorporation (the "Certificate") to
increase the authorized number of shares of Common Stock
from 30,000,000 to 100,000,000 shares, and to effect the
four-for-one forward split. The Board of Directors
believes that the proposed capital structure more
appropriately reflects the present and future needs of the
Company and recommends such amendment to the Company's
stockholders for adoption. Other than for issuance in
connection with the proposed stock split, the Company has
no plans, arrangements or understandings for the issuance
of any additional shares of Common Stock.

President/ CEO & Director Amar Bahadoorsingh, B.A., MBA
Amar Bahadoorsingh will be appointed President and CEO of
Cirus Telecom Inc. Mr. Bahadoorsingh was the president of
9278 Communications, Inc., a $120,000,000 US annual sales,
telecom provider, and was responsible for its merger with
iLink Telecom, Inc. a company which the founded and took
public via a reverse merger on the OTC BB. Within his two
years as the President of 9278 Communications, Inc. and
President and CEO of iLink Telecom, Inc helped secure
millions of dollars in debt and equity financing for both
the companies. 9278 reached a market capitalization of
over $100,000,000 US under his tenure. In conjunction with
those functions, he managed all securities aspects of the
corporations including SEC filings and NASD compliance, as
well as overseeing the marketing and investor relations.
He also created a management infrastructure that
integrated all sectors of the company, as well as ensured
the critical marketing plan was fulfilled and the ongoing
capital requirements were met.

Mr. Bahadoorsingh holds a Bachelor of Arts degree in
Sociology from the University of Western Ontario located
in London, Ontario, Canada and a Master's of Business
Administration degree from Queen's University, located in
Kingston, Ontario, Canada, with a focus on management and
marketing strategy.

http://www.cirustelecom.com/investor_relations/corporate/management/index.html


http://www.freeedgar.com/search/ViewFilings.asp?CIK=1098307&Directory=1116502&Year=01&SE....














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