( EVXA ) ~ EnviroXtract, Inc. Implements Initial Stock Restructuring
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Enviroxtract (PL) (USOTC:EVXA)
Intraday Stock Chart
Today : Wednesday 31 August 2011
EnviroXtract, Inc. (PINKSHEETS: EVXA) Management announces today that significant changes to the Company's stock structure have recently been implemented that should benefit the Company and its shareholders.
In accordance with its intent to restructure and add value to its stock, Management has filed an Amendment with the Secretary of State of Wyoming reducing its Authorized stock from 100 billion shares to 50 billion shares. It has also either eliminated or significantly reduced the conversion rates on its four open series of Preferred stock. As previously stated, the Company is seeking a voluntary cancellation and reduction of a significant number of shares of its Issued and Outstanding Common stock. To date, the Company has received four billion shares of Common stock to be cancelled. Further reductions in the Company's Issued and Outstanding Common stock are anticipated in the coming months.
The Company has NO plans to implement a reverse stock split in the near future.
The Company also plans to increase the value of its stock by increasing revenues and profits and continues to evaluate new and existing business opportunities. Updates on further business developments will be forthcoming.
About EnviroXtract, Inc.:
EnviroXtract, Inc. was founded as a technology development company focusing on proprietary environmental remediation applications for oil spills and other toxic chemical remediation applications that require a complete separation of hazardous or toxic chemicals from contaminated soil. The Company has recently expanded its business strategy to enter new markets including: gold, silver, and precious metals mining, precious metals processing, agricultural, and soil enrichment applications. The company will continue to develop and assess new technologies to enhance its business model.
Safe Harbor
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of EnviroXtract, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Contact:
James Cheney
President / CEO
Email: Email Contact
Phone: 1-888-459-4889
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