TAUTACHROME Inc. announces the status of Share Retirement Activity
October 12 2016 - 4:06PM
Tautachrome, Inc. (OTC-PINK:TTCM) today announced the status of its
Share Retirement Activity.
Dr. Jon N Leonard, CEO, stated today:
"In keeping with my desire that our investors be informed on the
things that matter in Tautachrome I want to comment on progress on
the following important fronts."
"The share retirement announced last week is targeted to close
in the fourth week of this month. The retirement of substantial
amounts of the common shares owned by the Company’s principal
shareholders in favor of preferred shares with long lock-out times
telegraphs the long term and single-minded commitment of these
principals to the success of the Company. Terms of the preferred
shares will be announced soon. It is planned that share retirement
will be accomplished in two increments, with a little more than 50%
in the first increment and the balance in the second. The number of
shares retired by each principal will be announced at the closing
of retirement targeted for later this month."
“Our business briefing describing the company’s flagship
KlickZie technology and our rollout plans, visions and revenue
expectations will be posted tonight on the Tautachrome website. In
addition, we are developing a short video intended to complement
the briefing that will be posted on the website in the coming
weeks."
“We continue to work hard on patent development activity. I am
personally in frequent contact with our patent attorney regarding
progress with the US Patent and Trademarks Office, and can report
that our work is progressing normally. Patent development is
arduous and relentlessly consumes the calendar but we consider it
to be an important focus area.”
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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