ذيب المعادى
عضو نشط
- التسجيل
- 21 أبريل 2008
- المشاركات
- 144
مساك اللة بالخير اخوى الارستقراطى شكرة afaoغيرت اسم الشركة الىafai -- وهذا الخبر لو سمحت تحليلك مشكووووووووووووور
LONGWOOD, Fla., July 29, 2008 (PRIME NEWSWIRE) -- AFA Music Group, Inc. (Other OTC:AFAO.PK - News) announced today that its new management team has approved a major restructuring of the Company's shares in a 50,000 to 1 reverse split of its common stock in an effort to bring the stock into the trading range of approximately $5.00 per share. The effective date of this reverse split is tomorrow, July 30, 2008. Also effective tomorrow, the Company will be operating under the new ticker symbol, AFAI.
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The Company recently announced a Preferred Share Exchange program available to shareholders of common stock. Those shareholders who wish to participate in this program need to have their stock certificates, a minimum of 1,000,000 shares, sent to the Company no later than August 8, 2008. For the purposes of this exchange, 1,000 shares of common stock would be exchanged for one share of convertible preferred stock. For all common shares received by the August 8 deadline, the Company will use the pre-reverse split number of shares when calculating the number of convertible preferred shares that will be issued as part of the exchange.
``We firmly believe that 3D Eye's 3D technology is so far ahead of the competition with its ability to be applied to so many mediums, and that it is essential to initiate our marketing and sales efforts now to build market share. This restructuring allows us to have a per share price that is attractive to a much larger segment of the investment community, as well as potential developers of our new 3D Eye Solutions acquisition,'' stated Mike Gibilisco, CEO of AFA Music Group, Inc.
For each one thousand shares of the Company's Common Stock tendered in the exchange, shareholders will receive one share of the Company's newly created Series A Preferred Stock, valued at $1.00 per share. To view the full terms of the Preferred Share Exchange offer, please visit the Investor Relations page of the AFA Music Group website at the following link: http://www.afamusicltd.com.
About 3D Eye Solutions, LLC:
3D Eye Solutions, LLC is a service provider and integrator for the 3D Stereo and Auto-stereo media industry that covers a wide range of markets. 3D Eye Solutions, LLC produces and processes media content for corporate, venues, and trade show events. The Company also provides turnkey systems and converts existing media to enable end users to showcase properties in multi-view format. For more information, please visit the Company's Web site: http://www.3deyesolutions.com.
Safe Harbor: Statements regarding financial matters in this press release other than historical facts are ``forward-looking statements'' within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the safe harbors created thereby. The Company is a development stage company who continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.
تسلم يا استاذ السوق
Contact:
For AFA Music Group, Inc.
Investor Relations
1-866-THE-APPL(E)
www.afamusicltd.com
.
LONGWOOD, Fla., July 29, 2008 (PRIME NEWSWIRE) -- AFA Music Group, Inc. (Other OTC:AFAO.PK - News) announced today that its new management team has approved a major restructuring of the Company's shares in a 50,000 to 1 reverse split of its common stock in an effort to bring the stock into the trading range of approximately $5.00 per share. The effective date of this reverse split is tomorrow, July 30, 2008. Also effective tomorrow, the Company will be operating under the new ticker symbol, AFAI.
ADVERTISEMENT
The Company recently announced a Preferred Share Exchange program available to shareholders of common stock. Those shareholders who wish to participate in this program need to have their stock certificates, a minimum of 1,000,000 shares, sent to the Company no later than August 8, 2008. For the purposes of this exchange, 1,000 shares of common stock would be exchanged for one share of convertible preferred stock. For all common shares received by the August 8 deadline, the Company will use the pre-reverse split number of shares when calculating the number of convertible preferred shares that will be issued as part of the exchange.
``We firmly believe that 3D Eye's 3D technology is so far ahead of the competition with its ability to be applied to so many mediums, and that it is essential to initiate our marketing and sales efforts now to build market share. This restructuring allows us to have a per share price that is attractive to a much larger segment of the investment community, as well as potential developers of our new 3D Eye Solutions acquisition,'' stated Mike Gibilisco, CEO of AFA Music Group, Inc.
For each one thousand shares of the Company's Common Stock tendered in the exchange, shareholders will receive one share of the Company's newly created Series A Preferred Stock, valued at $1.00 per share. To view the full terms of the Preferred Share Exchange offer, please visit the Investor Relations page of the AFA Music Group website at the following link: http://www.afamusicltd.com.
About 3D Eye Solutions, LLC:
3D Eye Solutions, LLC is a service provider and integrator for the 3D Stereo and Auto-stereo media industry that covers a wide range of markets. 3D Eye Solutions, LLC produces and processes media content for corporate, venues, and trade show events. The Company also provides turnkey systems and converts existing media to enable end users to showcase properties in multi-view format. For more information, please visit the Company's Web site: http://www.3deyesolutions.com.
Safe Harbor: Statements regarding financial matters in this press release other than historical facts are ``forward-looking statements'' within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the safe harbors created thereby. The Company is a development stage company who continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.
تسلم يا استاذ السوق
Contact:
For AFA Music Group, Inc.
Investor Relations
1-866-THE-APPL(E)
www.afamusicltd.com
.
