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VRMD...Am I alone on this one?
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[QUOTE]Originally posted by WinsumLosesum: [QB] Vision Real Estate Mgmt & De (OTHER OTC: VRMD) Last Update: 8:18:00 PM ET Jul 22, 2004 Vision Real Estate Management and Development Announces Structural Changes ALBANY, N.Y., Jul 22, 2004 (BUSINESS WIRE) -- Vision Real Estate Management and Development, Inc. (Pink Sheets:VRMD) today announces a reverse stock split of its common stock. The 400-1 reverse stock split will be effective as of July 26, 2004. "This is the final step in anticipation of the closing of the merger with MEM Financial Solutions," stated Mr. Donovan Rhoden, President and CEO of Vision Real Estate Management and Development, Inc. "The reverse split is a necessary step in meeting the company's objective of gaining a listing on the American Stock Exchange." Forward-Looking Statements the private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the company's behalf. All statements, other than statements of historical facts which address the company's expectations of sources of capital or which express the company's expectation for the future with respect to financial performance or operating strategies, can be identified as forward-looking statements. Such statements made by the company are based on knowledge of the environment in which it operates, but because of the factorspreviously listed, as well as other factors beyond control of the company, actual results may differ materially from the expectations expressed in the forward-looking statements. SOURCE: Vision Real Estate Management and Development, Inc. Vision Real Estate Management and DevelopmentDaniel J. Duffy, 518-438-8100 ex 303Fax: 518-862-9247 [/QB][/QUOTE]
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