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Summus Works, Inc.: Cancellation of Common Stock, Confirmation of Authorized Shares Wednesday May 10, 9:43 am ET
DENVER--(BUSINESS WIRE)--May 10, 2006--Summus Works, Inc. (Pink Sheets:SMMW - News) confirmed that the Company's previously announced cancellations and retirement of common stock are measures in line with the Company's VVV policy to facilitate pending and future mergers and acquisitions. Additionally, having already reduced the total amount of authorized shares by 20% to 80 billion, the Company reaffirmed that it will not increase the amount of authorized shares to facilitate mergers and acquisitions, pending or otherwise. ADVERTISEMENT
Summus Works, Inc. (Pink Sheets:SMMW - News) is a multi-media holding company with interests in outdoor sports, retail, e-tail, print, web, television and film. For more information on the company or its outdoor sports and media subsidiaries, visit www.summusworks.com.Posts: 261 | From: NJ | Registered: May 2005
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Summus Works, Inc. Announces Special Meeting of Board, Commitment to Shareholder Value Thursday July 20, 8:30 am ET
DENVER, CO--(MARKET WIRE)--Jul 20, 2006 -- Summus Works, Inc. (Other OTC:SMMW.PK - News) announced the Board of Directors will convene a special meeting to discuss the proposed increase of the Company's VVV buy-back program beyond the previously announced amount of up to $748,000.00 of the Company's outstanding common stock at a price per share relative to **********'s calculated "SqueezeTrigger" price. ADVERTISEMENT
Management emphasized that the Board's initial decision to secure financing for the VVV buy-back, secured personally by Company officers and members of the Board, exhibits irrefutably its commitment to increasing shareholder value and the elimination, "Once and for all, [of] the one sided quote and sideways movement of the Company's stock."
Management cited its unwavering commitment to the VVV initiative to enhance shareholder value and affect the increase in the price per share necessary to facilitate pending and future mergers and acquisition.
"We will not rest until this challenge of sideways motion is met with force significant enough to eradicate this opposition and deliver greatly enhanced shareholder value for all to see," pledged Summus Works President Dan Burgess.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
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