Highline Technical Innnovations Announces Reduction of Authorized Shares
May 24 2010 - 11:38AM
Marketwired
Highline Technical Innovations, Inc. (PINKSHEETS: HLNT) announced a
reduction of authorized shares from six billion (6,000,000,000)
shares to two billion (2,000,000,000) shares. This is the second
reduction in authorized shares since the new management was put in
place on March 1 of this year. This represents a total reduction in
authorized shares of eight billion (8,000,000,000). This action is
in keeping with management's pledge to maintain transparency and
build value for the company's shareholders. CEO Charlton Coats made
the following statement, "The market has had a rough time lately
and our company's shareholders have felt it as well. I hope that
this reduction lets our shareholders and the investment communities
know we are serious about building value. Additionally HTI has
initiated plans to provide additional periodical information to
shareholders on a regular basis. This letter is an effort to keep
our shareholders informed on company progress as well as maintain
transparency and provide information on where we hope to go as a
company in the future."
On Friday, May 21, 2010, President Obama directed the government
to place mileage and pollution limits on big trucks, as well as
increasing restrictions on cars and SUVs.
http://www.just-auto.com/news/obama-announces-newfuel-economy-and-emissions-standards
This change in policy places Highline Technical Innovations, Inc.
in the forefront in providing aftermarket solutions for greater
fuel economy and reduced pollution levels.
Contact Mel Robinson 479.267.6000
m.robinson@highlineinnovations.com
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