SpatiaLight Announces Effective Date of Reverse Stock Split
August 23 2007 - 4:31PM
PR Newswire (US)
NOVATO, Calif., Aug. 23 /PRNewswire-FirstCall/ -- SpatiaLight, Inc.
(OTC:HDTV) (BULLETIN BOARD: HDTV) , a leading developer and
manufacturer of ultra high-resolution Liquid Crystal on Silicon
(LCoS) microdisplays, today announced that a 50 to 1 reverse split
became effective as of the close of trading August 23, 2007 and the
Company's common shares will commence trading on August 24, 2007 on
the OTCBB under the symbol SPLT. Effective immediately upon the
reverse split the Company will have 1,947,770 shares outstanding
and a market capitalization of approximately $3.4 million. About
SpatiaLight SpatiaLight, Inc., founded in 1989, manufactures
high-resolution LCoS imagers for use in high-definition display
applications such as rear projection televisions, monitors, front
projection systems, near-to-eye applications, micro-projectors and
other display applications. The company's primary manufacturing
facility is located in South Korea. SpatiaLight is committed to
developing microdisplay technologies that will be a standard for
the next generation of consumer product displays and to providing
OEMs with the most cost effective, high-resolution microdisplays in
the industry. For more information about SpatiaLight, please visit
the Company's website at: http://www.spatialight.com/. DATASOURCE:
SpatiaLight, Inc. CONTACT: SpatiaLight, Inc., +1-415-883-1693 Web
site: http://www.spatialight.com/
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