Extreme Motorsports of C... (CE) (USOTC:EMOC)
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From Nov 2019 to Nov 2024
Extreme Motorsports of California, Inc. (OTC:EMOC) ("Extreme" or the
"Company") announces that a majority of shareholders have approved a one
for three thousand reverse split. Effective on the opening of business
January 22, 2008, the issued and outstanding shares of common stock
shall be subject to a 1-for-3000 reverse stock split. The total shares
outstanding prior to the reverse split are 4,063,374,509 shares
outstanding out of 100,000,000,000 authorized. After the split there
will be 1,354,459 shares outstanding out of 33,333,333 shares
authorized. Fractional shares should be rounded to the nearest whole
number.
“This reverse is needed in order to capitalize
on new and emerging markets in which Extreme is focusing. It also
adjusts our capitalization structure and allows Extreme to attract new
investors and market new products to different types of industries
around the world. In turn, this decision will also help negate the
unethical naked short selling of our stock thus building more value,”
states Bryan M. McCaa, Chairman of the Board and majority shareholder.
About Extreme Motorsports of California, Inc.
Extreme Motorsports of California, Inc., operating under the trade name
"Xtreme Motorsports," is a manufacturer of custom and production-line
sandrails, desert and dual sport racecars. Founded in 1983, Xtreme's
sandcars have been sold to customers in England, the United Arab
Emirates, Australia, South America and the US. For more information,
visit the corporate web site www.xmssandcars.com.
Forward-Looking Statements
Certain statements in this release, and other written or oral statements
made by the Company, including the use of the words "expect,"
"anticipate," "estimate," "project," "forecast," "outlook," "target,"
"objective," "plan," "goal," "pursue," "on track," and similar
expressions, are "forward-looking statements" and are subject to known
and unknown risks, uncertainties and other factors that may cause actual
results, performance, or achievements of the company to be different
from those expressed or implied. The Company assumes no obligation and
does not intend to update these forward-looking statements and takes no
obligation to update or correct information prepared by third parties
that are not paid for by the Company.