Tesoro Enterprises, Inc. (TSNP: OTC Link) | Tesoro Entreprises, Inc. responds to shareholder questions relating to the Share Reduction Program mentioned in its press release of Novemebr 2, 2011.

Tesoro Entreprises, Inc. responds to shareholder questions relating to the Share Reduction Program mentioned in its press release of Novemebr 2, 2011.

Nov 04, 2011

OTC Disclosure News Service

New Canaan, CT –

Tesoro Enterprises, Inc. issues a clarification of its press release of November 2, 2011 relating to the “Share Reduction Program” (Program:).  The program, the Company is considering, does not contemplate a reverse split (“RS”) of the Company’s outstanding common stock.  The Company CEO said that ” A reverse split is not needed nor planned in the foreseeable future”. 

Forward- Looking Statements

Safe Harbor Statement: This press release contains forward-looking statements that reflect the Company’s current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Tesoro Enterprises Inc. are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company’s control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, those factors that are disclosed under the heading “Risk Factors” and elsewhere in documents filed by the Company from time to time with the United States Securities and Exchange Commission.

Contact information:

Tesoro Enterprises, Inc.

26 Cross Street

New Canaan, CT 06840

203/930-7427

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/TSNP/news?id=37472

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