NEW YORK--(BUSINESS WIRE)--Synergy Pharmaceuticals, Inc. (OTC BB: SGYP) (the “Company”) (formerly Pawfect Foods, Inc.) is pleased to announce that it has changed its name to Synergy Pharmaceuticals, Inc. effective July 29, 2008 with the Florida Secretary of State’s office. In addition, effective July 29, 2008, the Company has effected a 75.69060773 for 1 forward stock split of its issued and outstanding common stock. As a result, the Company’s issued and outstanding share capital has increased from 866,220 shares of common stock to 65,564,759 shares of common stock. The Company also amended its Articles of Incorporation to increase its authorized shares of capital stock to 170,000,000 of which 150,000,000 shares are shares of common stock and 20,000,000 shares are shares of preferred stock.
