SCOTTSDALE, Ariz., April 14 /PRNewswire-FirstCall/ -- Effective tomorrow, Friday, April 15, 2005, Motion DNA Corp. has announced a 1:50 reverse stock split, of its outstanding common shares, where all fractions of shares are to be rounded up. The new symbol effective tomorrow April 15, will be MTDX.
The Board of Directors’ approval was granted in an effort to place the Company in a stronger position to continue negotiations on a several agreements with business prospects that may directly increase the growth opportunities of the company. As a result, the Company does believe it to be in the best interest of the long term viability of the company that a reverse-split be executed at this time.
“We were reluctant to do this, especially at this time, when many positive things are beginning to fall into place,” according to Zig Ziegler, Chairman and Founder of Motion DNA. “But, with business, as on the playing field, sometimes you just have to bite the proverbial bullet to ultimately posture yourself for the long-term potential.”
The company plans to keep communications open regularly to help increase investor awareness of its on-going day-to-day operations. An internal shareholder awareness program is being launched to coincide with today’s news. The internal campaign is expected to include weekly company news, a monthly shareholder newsletter, and an on-line or telephone conference with the president of the company every quarter.
In addition, Motion DNA has updated its projections for the final three quarters of 2005. Strengthened by anticipated deals with professional sports leagues and the addition of several new retail products, the company expects revenue in last nine months of calendar 2005 to surpass $2,500,000, an expected 200% increase over the same period in 2004. Full details of those projections are expected to be available by the close of business Friday via the pinksheets.com news service or directly on the Motion DNA web site at http://www.motiondnacorp.com/.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
For more information on Motion DNA Contact: Investor Relations Motion DNA Corporation 15023 N. 73rd Street Scottsdale, Arizona 85260 1.877.425.7734 toll free 480.425.7734 phone 480.991.7736 fax
Motion DNA Corp.
CONTACT: Investor Relations, Motion DNA Corporation, toll free,+1-877-425-7734, or +1-480-425-7734, or fax, +1-480-991-7736
Web site: http://www.motiondnacorp.com/
