Replies to post #8397 on Boomtown

[Jerry70]

$ FOGC. Fortune Oil and Gas announces name change and plans to improve share structure.

MILFORD, Pa., June 30, 2014 /PRNewswire/ -- Fortune Oil & Gas, Inc. (OTCPink: FOGC), today announced that the company has initiated filing for a voluntary name and symbol change with FINRA and the state of Wyoming. The change to Manzo Pharmaceuticals was filed with the state already and the company is in the process of providing FINRA the necessary documents to get it approved. The process has a 60 day deadline, but Manzo Pharmaceuticals feels it will be completed much sooner than that. The company has also put together a strategy to improve the share structure in an effort to get Manzo Pharmaceuticals off ground and moving along the way the company should be.

With the help of market consultants, Manzo is also in the process of laying out a complete strategy to decrease the number of outstanding shares, and even more importantly, the float. This strategy will include buying back blocks of restricted and free trading stock held by former affiliates, as well as buying back shares in the open market. The company is also examining several traditional methods of raising a block of funding to allot to this cause including several types of registrations and offerings that will not unnecessarily dilute the float, which would be counter productive to its cause. He explains, "I want everyone to know that shareholder value is very important to me, and I will do whatever I can to increase the value of this company for its shareholders to the level it really should be."

Overall the company is focusing on its strategy for the next twelve months in all areas of the business, not just the marketing and release of new products, but the reduction of shares resulting from past dilution and whatever else it takes to help Manzo Pharmaceuticals provide shareholder value, while bringing much needed remedies and treatments to the people who need them.

About Fortune Oil & Gas, Inc.
Fortune Oil & Gas, Inc. owns and operates Manzo Pharmaceuticals, a specialty pharmaceutical company engaged in the research, development, and testing of patented and non-patented solutions and remedies. Most notably is a patented solution for lactose Intolerance, and a natural remedy for colic in babies. For more information follow the company on twitter at @manzopharma, and visit www.manzopharma.com.