MANASSAS, VA, April 7 /CNW/ - Having received approval for the Amendment
to its Articles of Association to accommodate the exchange and
cancellation of all issued and outstanding common for voting preferred
stock, the Company has today filed with FINRA all required documents
pursuant to this corporate action.
The overwhelming majority shareholder support received by 8000 Inc.,
some 300 plus positive responses to date with copies of account
positions and testimony, identified that these 300 accounts hold of
record over 170MM shares. This is significantly greater than the number
of shares issued by the Company and does not include 41 Broker-Dealers
known to hold 8000 Inc. stock in their client accounts. 8000 Inc has
asked respectively the SEC and FINRA to advise how 8000 Inc. should
identify which shareholders actually own real shares and which do not
so that the majority approved exchange can be consummated. 8000 Inc.
will update the shareholders of any response and we believe that there
is a mechanism in place to manage this discrepancy prior to the
exchange being concluded.
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This news release contains forward-looking statements that are subject
to certain risks and uncertainties that may cause actual results to
differ materially from those projected on the basis of such
forward-looking statements. The words "estimate," "project," "intends,"
"expects," "believes," and similar expressions are intended to identify
forward-looking statements. Such forward-looking statements are made
based on management's beliefs, as well as assumptions made by, and
information currently available to, management pursuant to the
"safe-harbour" provisions of the Private Securities Litigation Reform
Act of 1995. For a more complete description of these and other risk
factors that may affect the future performance of 8000 Inc. see
published disclosure documents at OTCMarkets. Readers are cautioned not
to place undue reliance on these forward-looking statements, which
speak only as of the date made and the Company undertakes no obligation
to disclose any revision to these forward-looking statements to reflect
events or circumstances after the date made or to reflect the
occurrence of unanticipated events.
For further information:
8000inc, 10432 Balls Ford Road, Suite 300, Manassas, Virginia 20109. USA
t. +1- 703-881-7834 f. +1- 703.881.7601 e. email@example.com