United Treatment Centers Inc. to Reduce Outstanding Common Stock by 54%
February 07 2014 - 9:05AM
Marketwired
United Treatment Centers Inc. to Reduce Outstanding Common Stock by
54%
Chris Seminatore, CEO of United Treatment Centers Inc.,
Announces That They Will Be Retiring Three Billion Shares of Their
Issued Common Stock to Treasury
LOS ANGELES, CA--(Marketwired - Feb 7, 2014) - United Treatment
Centers Inc. (OTC Pink: UTRM): RedTruck SEO Inc DBA
www.potnetwork420.com is a digital media company focusing
exclusively on the Marijuana industry.
Chris Seminatore, United Treatment Centers Inc. newly appointed
CEO and President, announced today that RedTruck SEO Inc. DBA
Potnetwork420.com will retire three billion common shares to
treasury reducing the outstanding common shares by 54%. Mr.
Seminatore said, "We felt this was a bold but necessary move to
increase shareholder value. By reducing our outstanding common
shares to approximately 2.5 billion I believe it will result in
more favorable share price moving forward. We will be working with
our attorney and transfer agent to complete this process over the
next week. Our business plan is to have Potnework420.com be the
information portal for the marijuana industry. Through live,
daily video broadcasts we will be the most trusted source for news
and information in the marijuana industry. Advertisers are
signing on and we anticipate revenues as early as next
week. We are also lining up celebrity support for the network
as well and will have more information shortly."
Safe Harbor Act: This release may contain "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E the Securities Exchange Act of
1934, as amended and such forward-looking statements are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. "Forward-looking statements"
describe future expectations, plans, results, or strategies and are
generally preceded by words such as "may," "future," "plan" or
"planned," "will" or "should," "expected," "anticipates," "draft,"
"eventually" or "projected." You are cautioned that such statements
are subject to a multitude of risks and uncertainties that could
cause future circumstances, events, or results to differ materially
from those projected in the forward-looking statements, including
the risks that actual results may differ materially from those
projected in the forward-looking statements as a result of various
factors, and other risks identified in a company's annual
report.
For additional information Investor Relations United Treatment
Centers Inc www.potnetwork420.com (858) 537-7439 Email:
Andy@potnetwork420.com
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