Telefix Communications Holdings, Inc. (TLFXD: OTC Pink Limited) | TeleFix Communications Holdings Announces Reverse Stock Split

TeleFix Communications Holdings Announces Reverse Stock Split

Jan 22, 2016

OTC Disclosure News Service

Dallas, TX



DALLAS, TX: January 22nd, 2016
(OTC MARKETS
)
– TeleFix Communications Holdings, Inc. (TLFX) announced that the one-for-one
hundred reverse stock split of the Company’s common stock approved by its board
of directors on January 6, 2016 and by shareholders on January 7, 2016, has cleared
the FINRA review process and will become effective on January 22nd, 2016.   The
company’s Notice of Corporate Action was approved by FINRA on January 21st,
2016.

 

The reverse stock split is intended to
recapitalize the company with the intent of meeting minimum bid price
requirements.  As a result of the stock
split, every 100 shares of the Company’s common stock issued and outstanding at
the effective time will automatically be combined into one issued and
outstanding share. Any fractional shares that result from the recapitalization
will be rounded up to the nearest whole share.  
Shareholders are not required to return their current stock certificates
in connection with the recapitalization. 

 

About 

TeleFix Communications Holdings, Inc., a
woman-owned emerging growth company, provides turn-key deployment of
communication networks and innovative IoT technologies.  To learn more please visit: http://www.otcmarkets.com/stock/TLFX/filings.

Forward Looking Statement: 

Statements
in this press release relating to plans, strategies, economic performance and
trends, projections of results of specific activities or investments, and other
statements that are not descriptions of historical facts may be forward-looking
statements within the meaning of the Private Securities Litigation Reform Act
of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Forward-looking information is inherently
subject to risks and uncertainties, and actual results could differ materially
from those currently anticipated due to a number of factors, which include, but
are not limited to, risk factors inherent in doing business. Forward-looking
statements may be identified by terms such as “may,”
“will,” “should,” “could,” “expects,”
“plans,” “intends,” “anticipates,”
“believes,” “estimates,” “predicts,”
“forecasts,” “potential,” or “continue,” or
similar terms or the negative of these terms. Although we believe that the
expectations reflected in the forward-looking statements are reasonable, we
cannot guarantee future results, levels of activity, performance or
achievements. The company has no obligation to update these forward-looking
statements.

Contact:

investorrelations@telefixcommunications.com

Copyright © 2016 OTC Markets. All Rights Reserved

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Article source: http://www.otcmarkets.com/stock/TLFXD/news?id=123697

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