Green Cures Inc., and Triton Distribution Systems, Inc.,
Announce Upcoming Company Name Change and the Cancellation of 300 Million Common Shares and Provide Corporate Update
Following the closing of the acquisition transaction by Green Cures for controlling interest inTriton,
Green Cures is proceeding with restructuring of Triton Company with intent to focus on obtaining a name and ticker symbol change;
the cancellation of approximately 300 million common shares owned byGreen Cures Inc.;
and beginning the process of acquiring assets (including intellectual property and products) into the Company.
The name of the Company is to be legally changed to "Green Cures and Botanical Distribution, Inc."
Management anticipates name change processing time to take approximately 15 days and expects the Company to receive the new ticker trading symbol associated with the name change at the same time.
The number of shares currently issued and outstanding (prior to cancellation of the 300 Million shares)
is 1,933,695,597 shares of common stock, which is higher than what had previously been disclosed in Triton's public reports and to Green Cures.
in an effort to maintain complete transparency, Green Cures management and Triton are informing the investment community that it does not plan to conduct a reverse stock split as part of the Company's restructuring.
Triton and Green Cures management have decided to increase the number ofTriton's authorized shares by 500 million, for a total of 2,500,000,00 authorized shares.
Management believes it is crucial to have, in reserve, a minimum of 740 million shares (following an increase in the authorized capital and the cancellation of the 300 million shares) in order to provide the Company flexibility for future potential capital raising transactions that may be needed for the Company's upcoming projects.
Triton Distribution Systems, Inc. On The Rise Again
the latest financial report of the company isn't really that disappointing when you have in mind the $7.49 million market cap of TTDZ for the period ended September 30, 2013.
• cash: $10 thousand • current assets: $7.5 million • total assets: $9.1 million • total current liabilities: $740 thousand • revenues: $1.3 million • net income: $340 thousand
announced today that it has reached an agreement with a group of investors from Los Angeles, California headed by Mr. David Osegueda, a previously successful business man.
The group is forming a new California Company that will assume the submitted letter of intent to Triton, and the commitment to purchase the Tritonshell.
Mr. Osegueda and his investors group, will invest an initial $65,000 in Triton in return for the following:
a) The TritonShell.
b) 450,000,000 shares of Triton.
c) 4,062,500 Shares of PVCL Privileged World Travel Club, Inc.
priced at $1 a share, and disbursed to all the Triton shareholders as a dividend.