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Physiognomy Interface Technologies, Inc. Retires 18 Million Shares Of Stock


5/10/2006 10:50:37 AM

NASHVILLE, Tenn., May 9 /PRNewswire-FirstCall/ -- Physiognomy Interface Technologies, Inc. announced today that former President Don Tolman has retired 18 million shares of outstanding common stock into the company's treasury, leaving 17 million shares currently outstanding.

Tracey Jones, President of Physiognomy Interface technologies states, "We feel that retiring these shares is a prudent step in building our company through sound financial management. These shares could potentially assist us in raising capital or seeking out acquisitions in the future."

About Physiognomy Interface Technologies, Inc.

Based in Nashville, Tennessee, Physiognomy Interface Technologies, Inc. is a creation and product development company specializing in all aspects of the science known as physiognomy. For further information, visit www.physiognomyinterface.com.

Forward-looking statement

This press release contains certain forward-looking statements. Investors are cautioned that certain statements in this release are "forward-looking statements" and involve both known and unknown risks, uncertainties and other factors. Such uncertainties include, among others, certain risks associated with the operation of the company described above. The company's actual results could differ materially from expected results.

Physiognomy Interface Technologies, Inc.

CONTACT: Tracy Jones of Physiognomy Interface Technologies, Inc.,+1-615-855-6805, or tjones@physiognomyinterface.com


Read at BioSpace.com


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