Remington Ventures, Inc.'s Board Approves 10 for 1 Forward Split
March 27 2007 - 12:00PM
PR Newswire (US)
NEW YORK, March 27 /PRNewswire-FirstCall/ -- Remington Ventures,
Inc. (Pink Sheets: RMVN) is pleased to announce that during a
recent Special Meeting of the Board of Directors, the Corporation
has approved a 10 for 1 forward split of the Corporation's common
stock, subject, of course, to all required regulatory approvals.
The Company feels that this may improve trading liquidity and
increase shareholder value. The Company is additionally pleased to
announce that all documents have been signed so as to enable the
Company to shortly receive a second round of financing from a
private equity company which has expressed an interest in investing
up to one million dollars in Remington Ventures, Inc., much of
which the Company will use to continue its sponsorship of Quantum
Bit Induction Technology, Inc.'s (Pink Sheets: QBIT)
Predictive/Programmed Trading Project, the rights to which were
acquired in February 2005. Anyone interested in Remington Ventures,
Inc.'s work with QBIT is encouraged to contact the office for
adequate information with which to make an educated stock ownership
decision. Remington Ventures, Inc., prefers that the uninformed NOT
become shareholders, and discourages stock ownership by the
undereducated or under-informed. Contact: Remington Ventures, Inc.
410 Park Avenue, 15th Floor New York, NY USA 10022 (917) 210-7444 -
phone (917) 210-8182 - fax Email: DATASOURCE: Remington Ventures,
Inc CONTACT: Remington Ventures: +1-917-210-7444, fax,
+1-917-210-8182, Web site: http://www.rmvn.net/
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