Tautachrome’s Retirement of Shares by its Major Shareholders Completed
December 21 2016 - 7:00AM
Tautachrome, Inc. (OTCQB:TTCM) today said it is pleased to announce
it has completed in its entirety the previously announced
retirement of common shares held by its principal shareholders.
Under the plan, the principal shareholders retired approximately
two-thirds of the common shares held by them in exchange for
non-trading preferred shares with no preferences on dissolution and
with a long holding period.
A total of 1,379,510,380 common shares were retired by our
principal shareholders, reducing the Company’s outstanding shares
from more than 3 billion shares to less than 1.7 billion
shares.
The voting power of each principal shareholder has been
conserved by providing the series D shares received in the
retirement with the same voting power as the common shares retired.
Preferred shares will not convert back to common shares until held
for five years or until the common stock becomes listed on a
national exchange such as NASDAQ or reaches a share value of $3.00
per share for a period of time
Dr. Jon N Leonard, Tautachrome CEO, said, “The retirement of
shares under this plan not only signals the long-term commitment of
the Company’s principal shareholders to the future of Tautachrome
and to the grand vision of the Company’s flagship
KlickZie trusted imaging technology, but it also
demonstrates our commitment to our shareholders to finish what we
start and accomplish what we set up out to accomplish.
To grow company value and stock liquidity, we are deploying
resources to better tell the Tautachrome story to potential
investors and to raise public awareness of how
KlickZie technology can beneficially affect users
across the globe. To accelerate this process, we have engaged
talent to introduce the Company and our KlickZie technology to
vital leaders in corporate America. In addition, internally we are
developing refined business models for leading corporations in the
deployment of KlickZie into their
organizations."
Eric McRae, Tautachrome’s Business Operations Manager added, “We
wanted to provide our shareholders with the Christmas gift of
up-listing the Company’s shares to the OTCQB, an event that became
a reality just last week. Christmas is still a few days away; there
may be another gift under the tree still to come. Stay tuned!”
Happy Holidays to you all!
About Tautachrome, Inc.
Tautachrome, Inc. (OTCQB: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.
Forward-Looking Statements: 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.
520.318.5578
Web: www.tautachrome.com
Paul Knopick
pknopick@eandecommunications.com
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