BizAuctions Files Notice of Corporate Action With FINRA
June 19 2014 - 7:10AM
Marketwired
BizAuctions Files Notice of Corporate Action With FINRA
LAS VEGAS, NV--(Marketwired - Jun 19, 2014) - BizAuctions (OTC
Pink: BZCN) (PINKSHEETS: BZCN) -- The Company filed a Notice of
Corporate Action with FINRA to report an amendment to its articles
of incorporation today as required under FINRA
guidelines.
Delmar Janovec, BizAuctions' CEO, comments, "The Company filed
today with FINRA, Notice of Corporate Action, providing notice the
Company will be amending its articles of incorporation with the
State of Delaware after receiving consent by more than 80% of the
shareholders of the Company, the amendment will decrease its
authorized common stock from Twenty Billion (20,000,000,000) to Two
Billion, (2,000,000,000), shares with an effective date of July 7,
2014.
"We are currently exploring new corporate opportunities and
believe by reducing the authorized common stock the Company will
become a more attractive partner/participant in future projects and
possible new acquisitions. The reduction of the authorized
shares will also bring additional shareholder awareness as we
continue to move the Company forward while exploring these new
possibilities. Our goal is to identify lucrative opportunities and
evaluate each one with the assistance of qualified consultants that
could potentially deliver the maximum return to our
shareholders."
ABOUT BIZAUCTIONS:
BizAuctions is a prime provider of commercial liquidation
services for excess inventory, overstock items, and
returns. Our clients have included some of the Nation's
leading retail names at the forefront of their industries.
We provide our clients with a new sales channel to generate
additional revenue on excess inventory, while at the same time
freeing up their valuable storage and retail space.
With a long-term strategy to provide liquidation services to
Fortune 1000 enterprises, BizAuctions is a clear solution for most
any business to liquidate its excess inventory.
The Company encourages the public to read the above information
in conjunction with its year-end statement for December 31, 2013,
and the quarterly statements filed in calendar year 2014, at
www.PinkSheets.com.
The information contained in this press release may include
forward-looking statements. Forward-looking statements usually
contain the words "may," "could," "possibly," "feel," "estimate,"
"anticipate," "believe," "expect," or similar expressions that
involve risks and uncertainties. These risks and uncertainties
include the Company's uncertain profitability, need for significant
capital, uncertainty concerning market acceptance of its services,
competition, limited service facilities, dependence on
technological developments and protection of its intellectual
property. The Company's actual results could differ materially from
those discussed herein.
Contact: BizAuctions Delmar Janovec Investor Relations
investors@bizauctions.com info@bizauctions.com
www.BizAuctions.com
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