On May 14, 2019, our Board of Directors unanimously approved the following action, subject to authorization by consent of a majority in interest of our shareholders and fulfillment of our statutory obligations:
TO AMEND OUR ARTICLES OF INCORPORATION TO EFFECTUATE A ONE-FOR-TWENTY (1:20) REVERSE SPLIT OF OUR COMMON STOCK AND MAINTAIN THE SAME NUMBER OF AUTHORIZED SHARES OF COMMON STOCK AFTER SUCH STOCK SPLIT.
The full text of the Amendment is attached to this Information Statement as Exhibit A. This Information Statement is being mailed on or about May 30, 2019. The above action will be effective on or about June 20, 2019, at least twenty (20) days after mailing of this Information Statement. The Company was previously listed on the OTCQB market, but the share price of the Company Common Stock fell below the OTCQB standards for a sufficient period of time that the Company Common Stock was removed from the OTCQB market and presently trades on the OTC Pink market. The reverse stock split will adjust the price per share back to within the parameters of the OTCQB market and the Company intends to reapply to the OTCQB market.
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