Automated-X, Inc. Announces Retirement of 200 Million Shares of Stock
January 26 2015 - 8:30AM
Business Wire
Ownership percentage of Company’s public
shareholders significantly increased
Company positioned for expansion and growth
Automated-X, Inc. (OTC Pink: AUTX) today announced that two
majority shareholders have retired 100 million shares each of
restricted stock. This action provides the opportunity for
Automated-X to have a more cohesive capital structure and valuation
that will position the Company for expansion and growth. The shares
were retired to the Company’s stock treasury account on January 23,
2015.
“Our goal is to continue the methodical development of our
Company, protect the integrity of the stock structure, and build
shareholder value. The retirement of this stock reduced the total
issued and outstanding shares to 114,669,205 shares, significantly
increasing the ownership percentage of the Company’s public
shareholders,” commented Tim Regnier, President and COO.
“Automated-X is operating in a fast-growing market segment. We
are strengthening our foundation and positioning the Company to be
a major contender as opportunities arise,” continued Regnier.
About Automated-X, Inc.
Automated-X, Inc. (OTC Pink: AUTX), formerly Interline Resources
Corp., develops and integrates next-generation automated
technologies into retail store environments and other areas of
application where efficiency is improved through automation. The
Company intends to take a leading role in automated retail to
constantly raise the bar with state-of-the-art convenience,
security, and laborsaving technologies. It intends to eventually
expand its kiosk offerings in other retail growth sectors,
including other automated technology systems focused on convenience
and price-driven automation opportunities. For more information,
visit www.automated-x.com.
Forward-Looking
Statement
This press release contains certain statements that may include
"forward-looking statements" as defined in the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are
often identified by the use of forward-looking terminology such as
"believes," "expects," "anticipate," "optimistic," "intend," "will"
or other similar expressions. The Company's actual results could
differ materially from those anticipated in these forward-looking
statements as a result of a variety of factors, including those
discussed in the Company's periodic filings with OTC Markets and
available on its website at http://www.otcmarkets.com. All
forward-looking statements attributable to the Company or persons
acting on its behalf are expressly qualified in their entirety by
these factors. Other than as required under applicable securities
laws, the Company does not assume a duty to update these
forward-looking statements.
For Automated-X, Inc.Lagano & Associates, Inc.Pam Lagano,
281-377-1046plagano@laganoassociates.com
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