LONDON, Jan. 7 /CNW/ - Octavian Global Technologies, Inc. ("Octavian"), a
leading provider of total gaming and lottery solutions, serving Casino, AWP
(Amusements With Prizes), Lottery and emerging gaming market sectors
worldwide, announced today a 1-for-5.0174 reverse stock split of its shares of
common stock and a change of its trading symbol on the OTC Bulletin Board to
The reverse stock split, which was previously authorized by Octavian's
board of directors and approved by its stockholders, became effective as of
the beginning of business on January 7, 2009. As a result, immediately
thereafter the number of shares of Octavian common stock outstanding was
reduced from 39,147,714 shares to 7,802,400 shares.
In connection with the reverse stock split a new trading symbol, "OCTV,"
has been assigned by the OTC Bulletin Board to the Octavian common stock
effective as of January 7, 2009.
About Octavian Global Technologies Inc
Established in 2001, Octavian is a leading provider of total gaming and
lottery solutions, serving Casino, AWP (Amusements With Prizes), Lottery and
emerging gaming market sectors worldwide. Octavian-developed solutions, and
also leading third-party products, are marketed under four core solution areas
- OctaSystems, OctaGames, OctaSupplies and OctaLotto. The company currently
has offices and computer centers in the Argentina, Australia, Colombia,
Germany, India, Italy, Russia, UK, Ukraine and USA. Through this extensive
network, and also through joint ventures and partnerships across the gaming
world, Octavian systems, games and other solutions are deployed and supported
in more than 30 countries.
SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements, including
statements that include the words "believes," "expects," "anticipates," or
similar expressions. Such forward-looking statements involve known and unknown
risks, uncertainties and other factors that may cause the actual results,
performance, or achievements of the Company to differ materially from those
expressed or implied by such forward-looking statements. Factors that may
affect these forward-looking statements include, among others, our ability to
raise capital, the decisions of third parties over which we have no control,
the state of the telecommunications industry, technological changes and other
factors set forth from time to time in our public statements. This news
release speaks as of the date first set forth above and the Company assumes no
responsibility to update the information included herein for events occurring
after the date of this news release.
For further information:
For further information: Octavian, Helen Hedgeland, +44(0)1483-543-543
or mail H.Hedgeland@octavianinternational.com