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EMOC Extreme Motorsports of California Inc (CE)

0.00001
0.00 (0.00%)
18 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Extreme Motorsports of California Inc (CE) USOTC:EMOC OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00001 0.00 00:00:00

Extreme Motorsports Announces Reverse Split

22/01/2008 1:00pm

Business Wire


Extreme Motorsports of C... (CE) (USOTC:EMOC)
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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.

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