SUN VALLEY, CA--(Marketwire - August 27, 2012) - MultiCorp International, Inc. /XTend Medical Corporation (PINKSHEETS: XMDC), has finalized the name/symbol change with FINRA and the company will begin trading under the symbol MCIC effective on August 28, 2012.
The company also announced that the CEO and President of the company have converted their holdings of common shares back into preferred shares, thus lowering the outstanding shares by 400 million.
The company released the following statement: "The Company has finalized the name change and symbol change only with FINRA and the new symbol, MCIC, will become effective tomorrow, August 28, 2012. As FINRA had changed their policies regarding the process to complete these steps, this action took longer than first perceived. This will better reflect our new direction for the company. In addition, Mr. Friedman and Mr. Lisenby decided to convert 400 million common shares back to 40 million preferred shares. This will lower the company's outstanding common shares by 400 million," stated Mr. Paul D. Lisenby, CEO of MultiCorp International, Inc. Mr. Lisenby further states, "The Company will continue to aggressively pursue acquisitions that have potential to grow revenues and profits for MultiCorp and their shareholders. If the acquisition targets meet the company's criteria of management and business sector for growth, then MultiCorp will move forward with our due diligence process and close these accordingly."
About MultiCorp International, Inc. /XTend Medical
MultiCorp International, Inc./ XTend Medical is a company that operates its core business in the medical field but also has several wholly owned subsidiaries such as Rivalz Sports Group, Inc. www.rivalzsports.com and JoyFull Genius, Inc., www.joyfullgenius.com. The company will continue to capitalize on growth sectors with solid business models and management that have the potential to grow exponentially and will have additional subsidiaries. For further information please contact them at email@example.com
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