LOS ANGELES, Feb. 19, 2014 /PRNewswire/ -- Verde Media
Group Inc., (OTC: VMGI) announces corporate update in response to
shareholder inquiries concerning the current share structure of
Verde Media Group Inc., listed on the OTC Markets with the CUSIP:
92337T206 and Trading Symbol: VMGI, the current share structure as
of February 19th 2014 is
as follows:
Authorized
shares:
|
500,000,000
|
Issued
shares:
|
500,000,000
|
Restricted
shares:
|
240,760,663
|
Public
Float:
|
259,239,337
|
The Board has no current or future plans to reverse split the
common stock of Verde Media Group Inc., furthermore the company is
not raising its authorized shares and the authorized shares will
remain at 500,000,000.
William Veve, President of Verde
Media Group, Inc. stated, "All of our planed business will take
place within the current capitalization of the company. This
information and the requisite disclosure will be updated with OTC
Markets in the coming days."
About Verde Media Group Inc.
Verde Media Group Inc. is
a publicly traded company listed on the OTC Markets trading under
the stock symbol: VMGI. It operates a managed media
financing company with production, distribution, and development
functions for film and television. The company also incorporates an
Agency division managing multi-media, public relations and
marketing functions for corporate clientele. For more
information, visit www.verdemediagroup.com, or connect with the
company on Facebook.
DISCLAIMER:CAUTIONARY-DISCLOSURE-ABOUT-FORWARD-LOOKING-STATEMENTS
The results described herein cannot be guaranteed. This release
contains "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E the
Securities Exchange Act of 1934, as amended and such
forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Statements in this news release other than statements of historical
fact are "forward-looking statements" that are based on current
expectations and assumptions.
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SOURCE Verde Media Group, Inc.