Cemtrex Announces a 25:1 Reverse Stock Split
August 07 2007 - 11:58AM
PR Newswire (US)
FARMINGDALE, N.Y., Aug. 7 /PRNewswire-FirstCall/ -- Cemtrex Inc.
(OTC:CTEX) announced today that its Board of Directors has declared
a reverse stock split, at a 1 for 25 ratio, effective August 21,
2007. As a result of the reverse split, every twenty-five shares of
outstanding common stock will be changed into one share of common
stock. All fractional shares shall be rounded up to the nearest
whole number. The Company currently has 858,196,526 shares of
common stock outstanding. Cemtrex is engaged in manufacturing and
selling the most advanced instruments for emission monitoring of
particulate, opacity, mercury, sulfur dioxide, nitrogen oxides,
etc. Cemtrex also provides turnkey services for carbon creation
projects from abatement of greenhouse gases pursuant to the Kyoto
Protocol and assists project owners in the selling of carbon
credits globally. The Company's products are sold to power plants,
refineries, chemical plants, cement plants and other industries,
including federal and state governmental agencies. Safe Harbor
Statement This press release contains forward-looking statements.
Actual results could differ materially from those projected in the
forward-looking statements as a result of a number of risks and
uncertainties. Statements made herein are as of the date of this
press release and should not be relied upon as of any subsequent
date. For further information, please contact: Cemtrex Inc. 19
Engineers Lane Farmingdale, NY 11735 URL: http://www.cemtrex.com/
Email: DATASOURCE: Cemtrex Inc. CONTACT: Cemtrex Inc., Web site:
http://www.cemtrex.com/
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