Verde Media Group, Inc. Announces Corporate Update
Verde Media Group Inc. has posted its current corporate share structure and announced it will not be changing in the foreseeable future.
- Los Angeles-Long Beach, CA (1888PressRelease) February 21, 2014 - Verde Media Group Inc., (OTC: VMGI) announces corporate update in response to shareholder inquiries concerning the current share structure of Verde Media Group Inc., listed on the OTC Markets with the CUSIP: 92337T206 and Trading Symbol: VMGI, the current share structure as of February 19th 2014 is as follows:
Authorized shares: 500,000,000
Issued shares: 500,000,000
Restricted shares: 240,760,663
Public Float: 259,239,337
The Board has no current or future plans to reverse split the common stock of Verde Media Group Inc., furthermore the company is not raising its authorized shares and the authorized shares will remain at 500,000,000.
William Veve, President of Verde Media Group, Inc. stated, "All of our planed business will take place within the current capitalization of the company. This information and the requisite disclosure will be updated with OTC Markets in the coming days."
About Verde Media Group Inc.
Verde Media Group Inc. is a publicly traded company listed on the OTC Markets trading under the stock symbol: VMGI. It operates a managed media financing company with production, distribution, and development functions for film and television. The company also incorporates an Agency division managing multi-media, public relations and marketing functions for corporate clientele. For more information, visit www.verdemediagroup.com, or connect with the company on Facebook.
DISCLAIMER:CAUTIONARY-DISCLOSURE-ABOUT-FORWARD-LOOKING-STATEMENTS
The results described herein cannot be guaranteed. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are "forward-looking statements" that are based on current expectations and assumptions.
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