RightSmile(R) Reduces Authorized Shares
November 29 2010 - 7:00AM
Marketwired
RightSmile, Inc. (PINKSHEETS: RIGHD) (www.RightSmile.com), the
leader in Cosmetic Laser Teeth Whitening, is pleased to announce
that it has reduced its authorized shares from 1.5 billion to 250
million. RightSmile® believes that by reducing the authorized
shares, coupled with the conversion of the preferred shares, not
entering into any more convertible loans, and announcing at the
shareholders meeting an implementation of an austerity program
which will dramatically lower operational expenses, but still meet
and exceed the needs of the market; the Company will not only
further instill investor confidence as the company moves forward,
but also provide a strong platform for future growth.
In further news, RightSmile® is completing negotiations with a
well respected Dental Professional to endorse both the RightSmile
retail and DentiGel brands.
About RightSmile®:
Based in Port St. Lucie, RightSmile®, Inc. engages in the
distribution of branded and private label Cosmetic Laser Teeth
Whitening products addressing multiple markets.
The Company believes all remarks made in the release to be
accurate to the best of its knowledge.
The foregoing press announcement contains forward-looking
statements that can be identified by terminology such as
"believes," "expects," "potential," "plans," "suggests," "may,"
"should," "could," "intends," or similar expressions. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results
to be materially different from any future results, performance or
achievements expressed or implied by such statements. In
particular, management's expectations could be affected by, among
other things, uncertainties relating to our success in completing
acquisitions, financing our operations, entering into strategic
partnerships, engaging management and other matters disclosed by us
in our public filings from time to time. Forward-looking statements
speak only as to the date they are made. The Company does not
undertake to update forward-looking statements to reflect
circumstances or events that occur after the date the
forward-looking statements are made.
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