Evelo Biosciences (NASDAQ:EVLO)
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Evolve One Files 2004 Third Quarter Report and Names Independent
Director
BOCA RATON, Fla., Nov. 16 /PRNewswire-FirstCall/ -- Evolve One, Inc.
(OTC:EVLO) (BULLETIN BOARD: EVLO) announced today that the Company has filed
its 2004 Third quarter report. The filings may be viewed at:
http://www.sec.gov/cgi-
bin/srch-edgar?text=evolve+one&first=2003&last=2004&mode=Simple
The Company also announced that on November 12, 2004, it named Dr. Irwin
Horowitz as its new independent director and member of the compensation
committee. Dr. Horowitz was formerly a director with the Company from 1997 to
late 2000 who left to pursue other opportunities. Dr. Horowitz received his
podiatry degree from the M.J. Lewi College of Podiatric Medicine in 1959. Dr.
Horowitz is the Chairman of the Board, Chief Executive Officer and the
President of Diversifax Inc. Dr. Horowitz has been Chairman of the Board and
President of IMSG Systems, Inc. and certain affiliated companies that were
acquired by Diversifax. Dr. Horowitz has also been a Director of the Langer
Biomechanics Group, Inc., a public company primarily engaged in the business of
manufacturing and selling orthotic products.
On November 12, 2004, the Company approved an 8-for-1 forward stock split of
the Company's common stock increasing the outstanding shares from 3,266,304 to
26,130,432. The record day for the split is to be December 3, 2004 with the
anticipated distribution date set at the close of business, December 3, 2004.
The Company's common stock is expected to be quoted on a post-split basis as of
December 6, 2004. The Company is notifying stockholders as to this action,
which does not require shareholders to take any further action. An information
statement has been mailed to all shareholders explaining the actions taken by
EVLO. Existing certificates should not be destroyed or returned to the Company
and will continue to represent the number of shares indicated. The split will
involve no change in Evolve One's CUSIP number or its trading symbol. New
certificates will be issued for the balance of shares due. The 8-for-1 stock
split will not change the shareholders existing proportionate ownership.
About Evolve One, Inc.
Evolve One, Inc. ("EVLO") is a holding company that develops and operates
Internet and direct retail marketing companies. EVLO includes wholly owned
subsidiaries, AuctionStore.com, StogiesOnline.com, Inc., A1Discount Perfume,
Inc. and International Internet Venture I, LLC.
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. The Company's actual results, performance, and achievements may differ
materially from the results, performance, and achievements expressed or implied
in such forward-looking statements due to a wide range of factors which are set
forth in our annual report on Form 10-KSB on file with the SEC.
For further information, contact Gary J. Schultheis (561) 988-0819
DATASOURCE: Evolve One, Inc.
CONTACT: Gary J. Schultheis of Evolve One, Inc., +1-561-988-0819
Web site: