Bought some of this at close. Need .80 post split to make it work. Tiny OS and I am very curious as to how many of those are in the float of which I will have 500.
Hope I want them.
DME Interactive Holdings, Inc. Announces Results of Special Meeting of Stockholders
Tuesday , October 11, 2005 17:41 ET
NEW YORK, Oct 11, 2005 (BUSINESS WIRE) --DME Interactive Holdings, Inc. (Symbol DGMF.PK) today held a special meeting of its stockholders for the purpose of seeking stockholder approval of a reverse split of its common stock on a one-for-one hundred basis. At the special meeting of stockholders a majority of the shares of common stock present and entitled to vote at the meeting approved the reverse split. The Company will now take all of the necessary steps to effect the reverse split. Prior to such reverse split becoming effective, the Company will announce the expected date of such reverse split, as well as what its new trading symbol will be.
Prior to the reverse split the Company had 27,064,666 shares of its common stock outstanding and after taking into account the 1-for-100 reverse split will have approximately 270,647 shares of its common stock outstanding.
Purpose of Reverse Stock Split
Our board of directors approved the proposal authorizing the reverse stock split for the following reasons:
-- our board of directors believes a higher stock price may help generate investor interest in the company;
-- our board of directors believes this action will attract additional investment in the company; and
-- our board of directors believes this action is the next logical step in the process of restructuring the company to align our outstanding shares of capital stock with our existing financial condition and operations to provide an opportunity for potential realization of stockholder value, which is currently subject to the dilutive effects of our capital structure.
Note on Forward-Looking Statements:
Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based largely on current expectations and are subject to a number of known and unknown risks, uncertainties and other factors beyond our control that could cause actual events and results to differ materially from these statements. These statements are not guarantees of future performance, and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. DME Interactive Holdings, Inc. undertakes no obligation to update publicly any forward-looking statements.
SOURCE: DME Interactive Holdings, Inc.
Ellenoff Grossman & Schole LLP
Jody R. Samuels, 212-370-1300 ext. 110
Facsimile: 212-370-7889
Copyright Business Wire 2005
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