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Article: Wall Street Strategies Announces Reverse Stock Split.
- Article from:
- PR Newswire
- Article date:
- September 10, 2002
CopyrightCOPYRIGHT 2002 PR Newswire Association LLC. 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)
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NEW YORK -- Wall Street Strategies Corporation (BULLETIN BOARD: formerly, WSST, after split WSSI) today announced that its Board of Directors has authorized a reverse stock split at a ratio of one-for-one hundred (1:100) and has set September 11, 2002 as the effective date.
The Company also announced that a Regulation D equity private placement of up to $700,000 has been approved, and the Company anticipates this endeavor will be completed by October 31, 2002.
"This is a very exciting development for the Company as the proceeds of this private placement will be used not only for working capital but will also enable us to further pursue our business ...