Ever Harvest International Group Inc (TLGN)

[Eli-316]

http://www.marketwire.com/press-release/totally-green-plans-100-for-1-reverse-stock-split-pinksheets-tlgn-1698166.htm

September 06, 2012 08:31 ET
Totally Green Plans 100-for-1 Reverse Stock Split

TULSA, OK--(Marketwire - Sep 6, 2012) - The board of directors of Totally Green, Inc. (PINKSHEETS: TLGN), an innovator in organic food waste processing systems, has approved a 100-for-1 reverse stock split of the company's common stock. Following the split and a conversion of the company's Class D preferred securities into 50% of the company's fully diluted shares of common stock, there is expected to be approximately 13,725,000 common shares outstanding, with 750 million shares authorized.

"The purpose of the split is to raise our trading price which we hope will increase our market visibility and ideally make participation in the potential of Totally Green available to a larger universe of investors," said Totally Green's CEO, Shawn Dym.

The stock is expected to begin trading on a split-adjusted basis on September 7, 2012. The par value of the stock will be unchanged and it will continue to trade on the Pink Sheets under the symbol "TLGN." However, the letter "D" will be added to the symbol for a limited time to indicate the recently split status.

Totally Green's transfer agent, Pacific Stock Transfer, will be the exchange agent for the split. Shareholders who hold their shares in brokerage accounts or "street name" will not be required to take any action to effect the exchange of their shares. Shareholders who have existing stock certificates will receive instructions from the transfer agent after the split becomes effective. Fractional shares as a result of the reverse share split will be rounded up to the next whole number. Proportional adjustments will be made to all of the company outstanding warrants, options and other convertible securities.