Futuris Company (FTRS)

[zalban]

The new management is at least taking steps in the right direction to do what is best for us shareholders. Cheney is a smart guy and he will get this thing to pennyland. The next pr is going to tell us alot about the bright future for this company. IMO


EDMOND, OK -- (Marketwire) -- 08/31/11 -- 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.