TAUTACHROME Inc. announces proposal from its principal shareholders for retirement of their own common shares in exchange for...
September 30 2016 - 1:10AM
Tautachrome, Inc. (OTC-PINK:TTCM) today announced receipt of a
proposal from its principal shareholders to reduce their common
share holdings in exchange for shares in a new series of
non-trading preferred shares.
Robert G McClelland Tautachrome’s Corporate Secretary announced
today that three of the Company’s principal shareholders, Dr. Jon
N. Leonard, Micheal P. Nugent, and Matthew W. Staker, have
approached the Company’s Board of Directors with an offer that
would reduce the Company’s issued and outstanding common shares by
exchanging, in incremental steps, a substantial portion of their
own common shares for a new series of non-trading preferred shares.
In an email making the proposal, Dr. Leonard wrote, “We hope that
this action will benefit the Company as well as signal our long
haul commitment to the Company and its flagship KlickZie
technology.”
About Tautachrome, Inc.
Tautachrome, Inc. (OTC-PINK:TTCM) is an emerging growth company
in the developing digital imagery technology sector.
Tautachrome is an Internet technology development company with
operations in America and Australia. Tautachrome has revolutionary
patents pending, including Talk-to-the-Picture social networking
and trustable imagery-based interaction.
Safe Harbor Statement Statements made in this press release are
forward-looking and are made pursuant to the safe harbor provisions
of the Securities Litigation Reform Act of 1995. Risk factors that
could cause actual results to differ materially from those
projected in forward-looking statements include, but are not
limited to, general business conditions, managing growth, and
political and other business risks. All forward-looking statements
are expressly qualified in their entirety by this paragraph and the
risks and other factors detailed in Tautachrome's reports filed
with the Securities and Exchange Commission. Tautachrome undertakes
no duty to update these forward-looking statements.
Contact: Tautachrome, Inc.
Tel: +1 520 318 5578
Web: www.tautachrome.com
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