MANASSAS, VA, April 7 /PRNewswire/ - Having received approval
for the Amendment to its Articles of Association to accommodate the
exchange and cancellation of all issued and outstanding common for
voting preferred stock, the Company has today filed with FINRA all
required documents pursuant to this corporate action.
The overwhelming majority shareholder support received by 8000
Inc., some 300 plus positive responses to date with copies of
account positions and testimony, identified that these 300 accounts
hold of record over 170MM shares. This is significantly greater
than the number of shares issued by the Company and does not
include 41 Broker-Dealers known to hold 8000 Inc. stock in their
client accounts. 8000 Inc has asked respectively the SEC and FINRA
to advise how 8000 Inc. should identify which shareholders actually
own real shares and which do not so that the majority approved
exchange can be consummated. 8000 Inc. will update the shareholders
of any response and we believe that there is a mechanism in place
to manage this discrepancy prior to the exchange being
concluded.
www.8000inc.net
Keep updated on 8000 Inc developments on
Facebook
This news release contains forward-looking
statements that are subject to certain risks and uncertainties that
may cause actual results to differ materially from those projected
on the basis of such forward-looking statements. The words
"estimate," "project," "intends," "expects," "believes," and
similar expressions are intended to identify forward-looking
statements. Such forward-looking statements are made based on
management's beliefs, as well as assumptions made by, and
information currently available to, management pursuant to the
"safe-harbour" provisions of the Private Securities Litigation
Reform Act of 1995. For a more complete description of these and
other risk factors that may affect the future performance of 8000
Inc. see published disclosure documents at OTCMarkets. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date made and the Company
undertakes no obligation to disclose any revision to these
forward-looking statements to reflect events or circumstances after
the date made or to reflect the occurrence of unanticipated
events.
SOURCE 8000inc