IJJ Corp Updates Shareholders and Completes Capital Restructuring Initiative
July 20 2011 - 10:30AM
Business Wire
IJJ Corporation (Pink Sheets: IJJP) announced today that the
Company had recently instituted a capital restructuring initiative
in order to position itself for growth in the next twelve months.
The restructuring involved a common stock consolidation that took
effect, October 14, 2010. The Financial Industry Regulatory
Authority ("FINRA") confirmed IJJ Corporation's 1,000:1 reverse
stock split (the "Reverse Stock Split"), which was previously
approved by its stockholders. According to FINRA's confirmation,
the Reverse Stock Split became effective, Friday, September 17,
2010 ("Effective Date").
IJJ Corporation shareholder update:
All records of the Company's transfer agent, Transfer Online,
Inc. (the "Transfer Agent") have already been updated to reflect
the change as a book entry giving effect to this reverse split,
which took effect on October 14, 2010.
IJJ Corporations management team views the recent capital
restructuring as a means to position the Company to be more
attractive to possible investors as well as acquisition candidates.
IJJ Corporation is engaged in raising $5 to $10 million dollars
over the next twelve months, approved by the Board of Director and
Shareholders in April 2010.
“We believe our plan represents a balanced approach to refining
the company's capital structure on behalf of our stockholders,
while repositioning IJJ Corporation for sustainable growth in core
earnings over the long-term,” stated Clifford Pope, President, and
CEO of IJJ Corporation. “We are currently working on a few positive
developments for the company and its shareholders; “future market
updates in the coming days.”
About IJJ Corp.:
IJJ Corp. is a Diversified Technologies company focused on
developing high tech solutions for the government and the private
sector to provide rapid decisions through information processing.
The Company's technologies include: Voice, Data and Video Rapid
Conferencing Solutions; Disaster Shelter Recovery Systems; Mobile
Disaster Management Systems; Enterprise Management Power Suite;
Secure Data Center Services and Network Operation Centers. The
Company's objective is to continue to develop and integrate
services and products in order to provide the most comprehensive,
cutting edge, turnkey solutions to its clients.
Safe Harbor Statement:
The information posted in this release may contain
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. You can identify these
statements by use of the words "may," "will," "should," "plans,"
"expects," "anticipates," "continue," "estimate," "project,"
"intend," and similar expressions. Forward-looking statements
involve risks and uncertainties that could cause actual results to
differ materially from those projected or anticipated. These risks
and uncertainties include, but are not limited to, general economic
and business conditions, effects of continued geopolitical unrest
and regional conflicts, competition, changes in technology and
methods of marketing, delays in completing various engineering and
manufacturing programs, changes in customer order patterns, changes
in product mix, continued success in technological advances and
delivering technological innovations, shortages in components,
production delays due to performance quality issues with outsourced
components, and various other factors beyond the Company's
control.
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