Novori, Inc. (NOVO) Reverse Split and Increase in Authorized Capital are Effective
December 05 2008 - 8:20PM
PR Newswire (US)
BELLINGHAM, WA, Dec. 5 /PRNewswire-FirstCall/ -- Novori Inc. (OTC
BB: NOVO.OB - News), an online interactive retailer of fine diamond
engagement rings and jewelry, is pleased to announce that at the
open of the market on December 8, 2008 the 1-for-20 reverse stock
split and an increase in the authorized capital from 150,000,000 to
170,000,000 shares are to take effect. The corporate actions were
approved by the Board of Directors and holders of a majority of the
outstanding shares of common stock on October 23, 2008. Novori's
symbol on the Over the Counter Bulletin Board is changed to "NVOR"
effective December 8, 2008. About Novori Inc.: Founded in 2004,
Novori is an online interactive retailer of diamond engagement
rings and fine jewelry. Launched in 2005, http://www.novori.com/
provides consumers with superior customer service and a better way
to buy diamond jewelry. The Company offers thousands of
independently certified diamonds, settings and fine jewelry at
prices below those offered by traditional retail companies.
Forward-Looking Statements: Except for the historical information
contained herein, the matters discussed in this press release are
forward-looking statements. Actual results may differ materially
from those described in forward-looking statements and are subject
to risks and uncertainties. See the Company's filings with the
Securities and Exchange Commission which identify specific factors
that may cause actual results or events to differ materially from
those described in the forward-looking statements. DATASOURCE:
Novori Inc. CONTACT: Investor Relations, (778) 571-0880,
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