RightSmile(R) Adds Additional Revenue With SmileShoppes, and Will Reduce the Number of Shares Outstanding of Its Common Stock by Nearly 500 Million Shares
RightSmile, Inc. (PINKSHEETS: RIGH) (www.RightSmile.com), the leader in Cosmetic Laser Teeth Whitening, continues to add more SmileShoppes across the country, while adding monthly reoccurring revenue at the same time. Furthermore, the Company will be reducing the current amount of shares outstanding by nearly 500 million shares within the coming days.
RIGH has been adding more SmileShoppes from the efforts of the independent rep groups recently signed up. Each SmileShoppe delivers monthly reoccurring revenue to the Company of approximately $500 per month, by just adding 10 new SmileShoppes per month at the end of a year the Company will have added $60,000 a month in additional revenue. The Company also has its first full time, in-house sales person, working from the corporate office in FL, and has been making good headway into the South Florida market.
The Officers of RIGH have decided to exchange their shares of Common stock for Preferred stock to ease investors' minds that they may be selling their shares into the market. "Management is focused on building strong shareholder value and letting the shareholders know we are in it for the long haul," stated Gene Caiazzo, President.
This reduction will reduce the Outstanding shares of the company's Common stock to 550,000,000 from currently over 1 billion.
The Company has been working diligently on compiling and delivering all the information asked for by the audit team and looks forward to posting the audited financials on PinkSheets.
Once the financials are complete the company will hold its Annual Shareholders meeting this August in Fort Lauderdale, FL. As previously announced, all shareholders who attend the meeting can get their teeth whitened for free.
Based in Port St. Lucie, Florida, RightSmile, Inc. engages in the distribution of branded and private label Cosmetic Laser Teeth Whitening products. Through Revodent, RIGH became a manufacturer of teeth whitening products. Revodent supplies numerous manufacturers/manu-packagers with components for teeth whitening solutions; in addition, they also supply final products designed for use in the dental, salon/retail and internet markets.
The Company believes all remarks made in the release to be accurate to the best of its knowledge.
The foregoing press announcement contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management's expectations could be affected by, among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
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As usual do your own DD
I bought some of this pos.
VERT (seller) has backed off and now at .011.
massive vol, right back to even. smells like dilution.