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I was surfing the triple zeros this morning and noticed Summus Works is not posting any spread. Still dead at .0001, I see. Any news on this one?...
Posts: 669 | From: Gouldsboro, Pa. | Registered: May 2006
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COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Summus Works: Company Retires and Cancels 400 Million Shares of Common Stock, Reduces Shares Issued and Outstanding
Denver, CO., Dec 27, 2006 (M2 PRESSWIRE via COMTEX) -- Summus Works, Inc. (Pink Sheets:SMMW) announced the Company retired and cancelled four hundred million shares of outstanding common stock. The shares are the latest to be retired and cancelled by the Company in accordance with management's VVV initiative to enhance shareholder value. Management stated that it will continue to reduce the issued and outstanding in its ongoing campaign to augment the Company's price per share.
Summus Works, Inc. (Pink Sheets: SMMW) 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.
This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
SOURCE: Summus Works, Inc.
CONTACT: Dan Burgess, Summus Works, Inc. Tel: +1 888 607 9495 e-mail: summus*summusworks.com WWW: http://www.summusworks.com Stuart T. Smith, Investor Relations Tel: +1 512 267 2430 e-mail: info*smallcapvoice.com WWW: http://www.mallcapvoice.com
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info*m2.com.
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According to pinksheets.com, 400 million shares is barely 1/2 of a percent of outstanding. Shouldn't make a dent in the price.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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Eddy, Why don't you let the folks know that Summus will most likely be losing their 51% of N'East as P/Red by PDVP? Of course, no one has any idea IF they made any money with the Mag.
Smmw is toast! IMO, look for a massive reverse merger to wipe out all existing shareholders.....
Eddy, how's the "holiday shine" going? wink, wink
Posts: 25 | Registered: Aug 2006
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