Russell Industries Inc (RUSL) $ 0.08 Volume: 10.6 k 11:56 AM EST Mar 7, 2008 -
Russell Industries Completes Reverse Split 3/3/2008 HOUSTON, Mar 03, 2008 (BUSINESS WIRE) --
Russell Industries, Inc. - (Pink Sheets:RUSL), announces that the 1 to 5,000 reverse stock split approved by the Board of Directors on January 29, 2008 becomes effective today.
In addition, the company's symbol has been changed from "OTC.PK RSDS" to "OTC.PK RUSL".
In a November 6, 2007 press release the Company had reported the possibility of such corporate action being taken in the first quarter of 2008. Fractional Shares will be rounded up and shares are payable upon surrender of old certificates to the Company's transfer agent, PACWEST Transfer, LLC.
About Russell Industries
Russell Industries, a Nevada Corporation, was incorporated in 1997. The Company is a holding company that will possibly acquire assets in the energy, mining, healthcare and financial industries. The Company owns a majority ownership interest in 254 Unpatented Uranium Mining Claims in San Juan County, Utah as of March 3, 2008.
Safe Harbor
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions. These forward-looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the Company's mission and vision. Investors should be aware that the Company raises equity capital by selling its stock as per SEC Regulation D, Rule 504 Exemption to Accredited Investors. One result to date of this method of financing is a large amount of issued and outstanding free trading common stock in the market.
SOURCE: Russell Industries, Inc.
Russell Industries, Inc. Rick Berman, +1 832-631-6099 Fax: +1 832-631-6274 irrsds@aol.com
News 
Market Data 
Discover 
