US National Telecom Announces Changes to Its Capital Share Structure
21 Febrero 2012 - 12:28PM
Marketwired
US National Telecom, Inc. (PINKSHEETS: USNL) announces changes to
its capital share structure by reducing its authorized common stock
by 35 billion shares.
US National Telecom Inc. Board of Directors have filed with the
Secretary of State to change its authorized common stock. The
existing authorized common stock is 40 billion shares. The Board
has decided to reduce its common stock by 35 billion shares to
enhance the value in the company. The company expects the change to
be effective with the Secretary of State within a few days.
CEO Rebecca Guthrie stated, "We have made the change to better
reflect the valuation of the company moving forward. Other changes
may be made to enhance shareholder value in the future also. This
decision better reflects where we are at in this moment of time. We
will proactively keep up to date with the structure of our company
and make the necessary changes when we need to."
US National Telecom, through its subsidiary Florida Bay
Investments, Inc., plans to invest in cash flow properties in
multiple real estate markets throughout Florida. The markets that
have been targeted include Gainesville, Tampa, St. Petersburg,
Orlando, and Jacksonville, Florida. Further acquisitions in Miami,
Ft. Lauderdale, and Palm Beach, Florida are also being considered
in the due diligence currently underway.
US National Telecom is a Florida based company. It is a
development stage company looking to acquire real estate interests
that offer positive cash flow returns. It has a website:
www.usnationaltelecominc.com
For further information please contact Rebecca Guthrie 786 202
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