|
|
Article: Coil Tubing Technology, Inc. Announces Filing of Amended Registration Statement to Distribute Shares of Its Subsidiary, Coil Tubing Technology Holdings, Inc.
- Article from:
- Business Wire
- Article date:
- October 14, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
SPRING, Texas -- Late Friday, October 10, 2008, Coil Tubing Technology, Inc.'s ("CTBG") (OTC:CTBG) majority owned subsidiary, Coil Tubing Technology Holdings, Inc. ("CTT Holdings"), filed an Amended Form S-1 Registration Statement with the Securities and Exchange Commission ("SEC") to register the distribution of 20,000,000 shares of common stock of CTT Holdings, to be distributed to the shareholders of CTBG, which shares represented 100% of the shares of CTT Holdings held by CTBG.
Once the Registration Statement is declared effective by the SEC, CTBG will distribute its entire interest in CTT Holdings, 20,000,000 shares of common stock out of the 21,000,000 ...