Matchaah Holdings Inc. (MCHA)

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stocktraderdk---GolfGear International Inc. (PINK SHEETS:GEAR) announces that it has cancelled an additional 50,000,000 Common shares through voluntary stock cancellations, this has reduced the float by 30,000,000. These cancellations, in conjunction with the recent cancellations totaling over 1,400,000,000 shares, have reduced the Company's issued and outstanding stock from a previous total of 1,660,593,683 shares to a current balance of 195,199,683 shares.

Dale Geck, President of GolfGear International remarked, "These latest stock cancellations should convince all our shareholders of our unwavering intent to dramatically increase shareholder value. Not only do these latest cancellations decrease the outstanding shares but, most importantly, they reduce the float by 30 million shares. GEAR is now well positioned to pursue its business strategy of growth and acquisitions. Management again emphasizes again that no reverse stock split is anticipated."

These cancellations will be reflected on the Company's next filing at December 31, 2011.