NEW YORK, NY -- (MARKET WIRE) -- 12/05/06 -- Global Diamond Exchange Inc. (PINKSHEETS: GBDX) has filed with the Secretary of State of Nevada a restructuring of the corporate stock. When Global Diamond Exchange merged with World Wide Cannery and Distribution, the Authorized Share count was 7 billion shares of Common Stock. It was never Global's intention to have that many shares authorized and management has filed papers lowering that amount to 975 million total shares. The State of Nevada has approved this measure, and it can be viewed on the State of Nevada government website.
The new share structure will break down accordingly: 900 million shares of Common Stock, 25 million shares of Preferred Class A Stock, and 50 million Preferred Class B Stock. Management intends to utilize preferred shares for acquisition and expansion rather than common stock.
Furthermore, company management will look to prevent dilution as a protection for its company and shareholders. Additional share reductions are being examined, and may occur in the near future as the company mulls over retiring some more outstanding common stock.
About Global Diamond Exchange:
Global Diamond Exchange originally opened their office on 2 West 46th street in the heart of the New York's Diamond District. After several years of operation at their New York office the company decided to shut down the operation due to low pricing and soft demand in North America. The company concentrated its efforts on exporting cut diamonds from the Russia Federation and European locations. The new company has reopened its sales offices in the original building ready to take on the increased demand for fine quality diamonds.
NOTE: Safe Harbor for Forward-Looking Statements.
This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, the ability of the Company to complete the planned bridge financing, market conditions, the general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings.
Contact: Alex Livak 347-813-4664 Email: Email Contact www.fortuneir.comPosts: 395 | From: south dakota | Registered: Nov 2006
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winTrader.com: TwinTrader.com reports on the Pink Sheet Dollar Movers: IBAC Corporation (OTC: IBCX), Pearl Asian Mining Industries (OTC: PAIM), Clickable Enterprises, Inc. (OTC: CKEI), Global Diamond Exchange, Inc. (OTC: GBDX), and Focus Stock of the Day HWYI for December 12, 2006.
Dec 12, 2006 (M2 PRESSWIRE via COMTEX) -- To enroll your publicly-traded company in our innovative TwinTrader program, please email feature*TwinTrader.com or call (214) 227-7559 and we will gladly discuss it with you.
TwinTrader Focus Stock for Tuesday - Hathaway Corporation (OTC: HWYI) traded down 21.67% on Monday.
Headquartered in Petersburg, Florida, Hathaway Corporation (OTC: HWYI) is engaged in the development and acquisition of undervalued companies as well as in providing communications and telecommunications software. Hathaway Corporation develops and acquires undervalued companies that bring a shift in how communications are delivered and serviced globally. Hathaway continues to seek out and capitalize on emerging technologies. Their first acquisition, OptiCon Systems, was first developed by Corning, a global 100 company. Corning spent millions of dollars and over seven years developing the Fiber Optic Management System currently marketed and sold by OptiCon Systems Inc. OptiCon serves over 70% of the global 500 companies such as Adelphia, Charter, Comcast, Comcast/AT&T, Cox, Time Warner, and BrightHouse. Through Companies like OptiCon, Hathaway brings the communication solutions of the future to today's business marketplace. In the recent past, Hathaway has acquired OptiCon Systems Inc. and Diabetes.
View our complete profile on Hathaway Corporation at: http://www.twintrader.com Pink Sheet Dollar Volume Movers:
IBAC Corproation (OTC: IBCX) - Yesterday's dollar volume was $111,210. Traded up 9.09%.
December 4 - IBAC Corporation Signs Sponsorship Agreements for Their Florida Restaurants
IBAC Corporation (OTC: IBCX), a Hospitality Holding Company, today announced it has entered into two significant sponsorship agreements for its Florida restaurants.
Pearl Asian Mining Industries (OTC: PAIM) - Yesterday's dollar volume was $93,409. Last traded at .0011.
December 5 - Pearl Asian Mining Industries Issues an Update Report on Its Gold Production, Gold Vanity Card, and Shares the Spirit and Joy of Giving This Holiday Season to the Host Communities
Pearl Asian Mining Industries: Stock SYMBOLS: U.S.A. (OTC: PAIM) issues the following update on its Philippine operations.
The Gold Team of Pearl Asian & its manpower complement of Higaonon tribesmen continue to work hard and exert its best efforts to produce up to 10 metric tons of gold concentrates at Project Cagayan de Oro. These gold concentrates will be sent to China National Gold Corp. (CNGC) for its smelting and final refining to 99999% purity, at most. In addition, Pearl Asian has also programmed for a substantial percentage of its gold sales to be sourced from its gold-trading operation, wherein the company will buy gold from the gold-rich areas in the country.
Clickable Enterprises, Inc. (OTC: CKEI) - Yesterday's dollar volume was $50,820. Traded up 16.36%.
December 11 - Clickable Enterprises Acquires Oil Business Adding Approximately $1.7 Million in Annual Revenue
Clickable Enterprises, Inc. (OTC: CKEI) the first Internet-based home heating oil company, announced today that it acquired a regional oil company that will provide Clickable Enterprises with over 500 new customers, increasing its annual oil sales by over 750,000 gallons, or approximately $1.7 million in revenue.
Global Diamond Exchange, Inc. (OTC: GBDX) - Yesterday's dollar volume was $45,831. Traded down 13.33%.
December 5 - Global Diamond Exchange Inc. Announces Corporate Stock Restructuring
Global Diamond Exchange Inc. (OTC: GBDX) has filed with the Secretary of State of Nevada a restructuring of the corporate stock. When Global Diamond Exchange merged with World Wide Cannery and Distribution, the Authorized Share count was 7 billion shares of Common Stock. It was never Global's intention to have that many shares authorized and management has filed papers lowering that amount to 975 million total shares. The State of Nevada has approved this measure, and it can be viewed on the State of Nevada government website
Posts: 242 | Registered: Aug 2005
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On their way to be able to restart the dilution phase all over again. IMO of course.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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