Benitec Opt Apr14 (ASX:BLTO)
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Bluetorch Inc. Announces New Trading Symbol
LOS ANGELES, April 15 /PRNewswire-FirstCall/ -- Bluetorch Inc. (OTC:BTOR)
(BULLETIN BOARD: BTOR) announced today that it had received its new trading
symbol from Nasdaq as a result of the Company's previously announced 2500 to 1
reverse stock split. Effective Monday, April 18, 2005, the Company will trade
under the symbol BLTO (OTC:BLTO) (BULLETIN BOARD: BLTO) .
About Bluetorch Inc.
As an investment company that has elected to be treated as a "business
development company" (BDC) under the Investment Company Act of 1940, Bluetorch
Inc. is looking to invest in companies that can demonstrate a history of
positive cash flow and economic fundamental values prior to the acquisition.
These entities will have the prospect for expansion from their existing
profitable base as a result of access to additional capital and/or additional
management acumen.
As part of this strategic process, the Company will look for acquisition
opportunities in all consumer product categories that have the potential for a
positive return on investment, both in terms of current income and capital
appreciation.
Investor Contact Information:
Marge Rohr at (909) 861-3244 or , and Geoffrey Eiten, OTC Financial Network,
(781) 444-6100 x613 or .
Safe Harbor:
This release may contain forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. The risks and uncertainties
that may affect the operations, performance development and results of the
Company's business include but are not limited to fluctuations in financial
results, availability and customer acceptance of our products and services, the
impact of competitive products, services and pricing, general market trends and
conditions, and other risks detailed in the Company's SEC reports.
DATASOURCE: Bluetorch Inc.
CONTACT: Marge Rohr of Bluetorch Inc., +1-909-861-3244,
; or Geoffrey Eiten of OTC Financial Network,
+1-781-444-6100, ext. 613, , for Bluetorch Inc.