Bluetorch Inc. Announces New Trading Symbol
April 15 2005 - 1:32PM
PR Newswire (US)
Bluetorch Inc. Announces New Trading Symbol LOS ANGELES, April 15
/PRNewswire-FirstCall/ -- Bluetorch Inc. (OTC:BTOR) (BULLETIN
BOARD: BTOR) announced today that it had received its new trading
symbol from Nasdaq as a result of the Company's previously
announced 2500 to 1 reverse stock split. Effective Monday, April
18, 2005, the Company will trade under the symbol BLTO (OTC:BLTO)
(BULLETIN BOARD: BLTO) . About Bluetorch Inc. As an investment
company that has elected to be treated as a "business development
company" (BDC) under the Investment Company Act of 1940, Bluetorch
Inc. is looking to invest in companies that can demonstrate a
history of positive cash flow and economic fundamental values prior
to the acquisition. These entities will have the prospect for
expansion from their existing profitable base as a result of access
to additional capital and/or additional management acumen. As part
of this strategic process, the Company will look for acquisition
opportunities in all consumer product categories that have the
potential for a positive return on investment, both in terms of
current income and capital appreciation. Investor Contact
Information: Marge Rohr at (909) 861-3244 or , and Geoffrey Eiten,
OTC Financial Network, (781) 444-6100 x613 or . Safe Harbor: This
release may contain forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. The risks
and uncertainties that may affect the operations, performance
development and results of the Company's business include but are
not limited to fluctuations in financial results, availability and
customer acceptance of our products and services, the impact of
competitive products, services and pricing, general market trends
and conditions, and other risks detailed in the Company's SEC
reports. DATASOURCE: Bluetorch Inc. CONTACT: Marge Rohr of
Bluetorch Inc., +1-909-861-3244, ; or Geoffrey Eiten of OTC
Financial Network, +1-781-444-6100, ext. 613, , for Bluetorch Inc.
Copyright