Our management team is proud to announce a major milestone in the evolution of Digital Descriptor Systems, Inc.
On December 19, 2006, our shareholders overwhelmingly supported our continuing plan to rebuild our company. Passage of the resolutions requested by management was critical to the long-term viability of the company. We thank all of our shareholders, who have provided us with the vote of confidence for our plans,
The benefits of the supported resolutions are many…to highlight:
Our name change from DDSI to Allied Security Innovations, Inc. better describes what our company has become and where we intend our future to be. The stock option plan will reward our employees for their dedication and outstanding performance and attract highly qualified personnel if the need arises The reverse-split helps us to gain better control of our outstanding shares, while allowing the Company to fulfill its obligations.
The resolutions are in the process of being implemented. Please stay tuned for the announcements of effective dates and the necessary SEC filings.
I am confident that our products and services are making a difference in a security conscious world. Over 2,000 customers seem to agree. Simply stated, we believe we provide the most cost-efficient, highest performing tamper evident security products in the industry. It is the mission of this management team to continue to expand the awareness of our company’s capabilities to the highest levels of government and industry.
We look forward to 2007 being a year of continued growth for our company.
quote:Originally posted by gemini5kl: any one know what happened to this stock, (DDSI) all i know is that they had a r/s,, dont know the amount of r/s or new ticker name.
The one for five hundred Reverse Stock Split is being effectuated by reducing the number of issued and outstanding shares at the ratio of 500 to 1. Accordingly, as a result of the Reverse Stock Split, we will have approximately 19,137,612 shares issued and outstanding. The actual number may be different as a result of rounding. As a result, we will have approximately 9,980,000,000 authorized but unissued shares, which shares may be issued in connection with acquisitions or subsequent financings. There can be no assurance that we will be successful in making any such acquisitions or obtaining any such financings. Currently, we have no plans for the issuance of the shares of common stock for acquisitions or financings. In addition, the Reverse Stock Split has potentially dilutive effects on each of the shareholders. Each of the stockholders may be diluted to the extent that any of the authorized but unissued shares are subsequently issued.
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2. To change the Company's name to Allied Security Innovations, Inc.;
FILE NUMBER ENTITY NAME 2410166 ALLIED SECURITY INNOVATIONS, INC.
-------------------------------------------------------------------------------- THIS IS NOT A STATEMENT OF GOOD STANDING
File Number: 2410166 Incorporation Date / Formation Date: 06/13/1994 (mm/dd/yyyy) Entity Name: ALLIED SECURITY INNOVATIONS, INC. Entity Kind: CORPORATION Entity Type: GENERAL Residency: DOMESTIC State: DE
REGISTERED AGENT INFORMATION
Name: CORPORATION SERVICE COMPANY Address: 2711 CENTERVILLE ROAD SUITE 400 City: WILMINGTON County: NEW CASTLE State: DE Postal Code: 19808 Phone: (302)636-5401
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?
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