Nikron Technologies Announces Significant Reduction in Outstanding Shares

 

TOPEKA, Kan., Jan. 24, 2012 /PRNewswire/ --

The Board of Director of Nikron Technologies, Inc. (OTC Pink: NKRN) announced that effective immediately the Company has reduced the number of common shares outstanding by 270,558,050. The effect of this action is to bring the shares outstanding from 395,558,050 to 125,000,000, a substantial decrease of approximately 70%.

The Board made arrangements to effect this action based on a desire to establish a more desirable valuation in the marketplace, and to create and enhance accessibility to financing.

Robert Gaither, Nikron Secretary, stated: "The revolutionary Nikron enhanced oil recovery technology is at the cusp of breakout activity. We are based on sound business principles which have inherent fundamental value. Our objective and the overriding purpose of our management is to enhance shareholder value. This action is in keeping with that goal."

ABOUT NIKRON TECHNOLOGIES:

Nikron Technologies, Inc. (OTC Pink: NKRN) is a natural resource company with the specific purpose of conducting enhanced oil recovery operations. The Company has developed breakthrough proprietary enhanced oil recovery technology and has an aggressive development vision focused on utilization of this scientific machinery (vehicle) to extract additional oil from proven, mature oil fields, thus negating the high and risky costs associated with drilling and exploration. The innovative Nikron technology offers a different and exciting approach to oil development which has the potential to be "game changing" and propel the Company to the forefront of the industry. For more information please visit Nikron's website at www.nikrontech.com.

FORWARD-LOOKING DISCLAIMER

This summary contains forward-looking statements within the meaning of the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. These statements address future events and conditions concerning the Company's business plans. Such statements are based on management's current expectation and are subject to a number of factors and uncertainties, such as future economic conditions and changes in anticipated revenues and costs, which may cause actual results to differ materially. The Company expressively disclaims any future obligation or undertaking to update or revise any forward-looking statements contained herein. Investors and potential investors should independently investigate and fully understand all risks before making investment decisions.

For more information contact us at:

Nikron Technologies, Inc.

3101 Southwest Shadow Lane

Topeka, KS 66604

Phone [phone]

Fax [phone]

[e-mail]                                                

 

SOURCE Nikron Technologies, Inc.

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