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Name | Symbol | Market | Type |
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The Longview Extended Commodity Index | DOWI:LEX | Dow Jones Indices | Index |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
A majority of the shareholders eligible to vote have adopted these changes and the Company will submit a filing with the Securities and Exchange Commission to report these events.
Jeantex Group, Inc.'s root dated back to 1947 when it was first established as an Idaho mining company under the name "Western Silver-Lead Corporation." In its course of business over several decades the company has increased its authorized capital of common stock to 4,999,500,000 shares, a level the Board of Directors considers superfluous. The Company believes it is appropriate to change the corporate name to better reflect the new scope of business and prudent to reduce the amount of authorized capital to a reasonable level.
The Company has recently entered into agreements with Professor Bernadus Prawoto of Jakarta, Indonesia, who has successfully invented and patented innovative green technologies for synthetic asphalt, roofing materials, bio-fuels, and cosmetic products. In addition, Jeantex Group has signed an agreement to acquire a 49 percent equity stake in Kyung Ki Jae Il Kwang Up Soh (KJS), a South Korean corporation engaged in coal mining. The Company will issue an update on these transactions and other developments in the next few weeks.
About Jeantex Group, Inc.
Jeantex Group was previously engaged in the textile-apparel clothing industry, focusing on denim goods and accessories. The Company has discontinued its apparel business and is in the process of restructuring into two divisions, construction materials and energy and resources.
Safe Harbor: This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. Such forward-looking statements are made based upon management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995.
CONTACT: Catalyst Resource Group, Inc.Frank Pham
714-843-5459
info@cataresource.com
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