TAUTACHROME Inc. updates share retirement progress and announces investor relations goals
October 20 2016 - 9:15AM
Tautachrome, Inc. (OTC-PINK:TTCM) today announced that it expects
the first increment of common share retirement to complete next
week, and sharpens goals advancing public awareness.
As previously stated, Tautachrome management intends to keep its
shareholders abreast of things that matter to the Company.
Currently we are implementing the retirement, in increments, of a
substantial number of the common shares owned by the Company’s
principal shareholders. In exchange for the common shares the
principal shareholders are giving up, the principal shareholders
will receive non-trading shares in a new Series D preferred stock
with a long lock up period attached to the preferred shares. We
anticipate the first retirement increment to be completed next week
which was the goal we set out to meet.
The new Series D preferred stock will be filed in Delaware and
made public very soon. Share retirement agreements for each of the
principal shareholders are being drawn up now; the description of
these agreements will be provided upon their execution, also
scheduled to complete next week. The total number of shares being
retired will be announced at that time.
In addition to the share reduction, the Company’s CEO Dr. Jon N
Leonard and his consultants have determined to initiate ongoing
investor relations activities with the goals of:
- Better telling of the Tautachrome story to potential investors,
aimed at growing company value and stock liquidity.
- Raising public awareness of how our flagship KlickZie
technology can beneficially affect users across the globe.
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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