Shareholders Update on Stock Structure of Vitamin Blue as of Feb 25th 2014
February 25 2014 - 1:30PM
Marketwired
Shareholders Update on Stock Structure of Vitamin Blue as of Feb
25th 2014
COSTA MESA, CA--(Marketwired - Feb 25, 2014) - Vitamin
Blue, Inc. (OTCQB: VTMB) CEO Frank Ornelas has received multiple
inquires via phone and email the past several weeks regarding the
stock structure of Vitamin Blue and wishes to provide an update to
answer questions. Frank Ornelas comments, "I want thank
shareholders for reaching out and showing support and poignant
questions regarding the company. Unfortunately time does not
allow me to personally respond to each inquiry but I want to
provide an update based on the volume of questions received
regarding stock structure. There have never been Convertible
Preferred Stock for VTMB nor ever will. There are 100 million
Preferred Stock shares since the incorporation of the stock that
have not been issued. There has been absolutely no dilution or
issuance of the stock in the current quarter. The stock structure
is exactly the same as it was the past quarter. Lastly, the
insiders of Vitamin Blue have never sold stock and have actually
purchased stock in the open market. I wanted to provide this
clarification for shareholders as I felt it was pertinent to the
correspondence I have been received."
About Vitamin Blue, Inc. (www.vitaminblue.com): Vitamin Blue
designs, develops, produces and distributes water boardsports
apparel, accessories and related products. Founded in 1999, the
Costa Mesa, California based company is part of the consumer goods
sector and non-durables industry.
Forward Looking Statements:
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Any statements made in this press release that are not
statements of historical fact, including statements about our
beliefs and expectations, are forward-looking statements.
Forward-looking statements include information concerning possible
or assumed future results of operations, including descriptions of
our business plans and strategies. Although we believe that these
forward-looking statements are based on reasonable assumptions, you
should be aware that many factors could affect our actual financial
results or results of operations and could cause actual results to
differ materially from those expressed in the forward-looking
statements, including, without limitation, the factors described
under "Risk Factors" and "Management's Discussion and Analysis of
Financial Condition and Results of Operations" of our Securities
and Exchange Commission filings.
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