InoLife Technologies, Inc. Receives FINRA Approval for Reverse Stock Split
February 28 2012 - 10:14AM
InoLife Technologies, Inc. (OTCBB:INOLD.PK), a service based
healthcare products development, integration and marketing company,
announced today that it has received approval from the Financial
Industry Regulatory Authority ("FINRA") clearing the reverse stock
split previously approved by its stockholders on September 14,
2011. According to FINRA's approval, the reverse stock split took
effect on Thursday, February 23, 2012 ("Effective
Date"). On the Effective Date, the Company's trading
symbol was changed from "INOL" to "INOLD" for approximately 20
business days after which it will revert back to INOL. Upon the
effectiveness of the reverse stock split, there will be
approximately 4,897,313 shares issued and outstanding.
All records of the Company's transfer agent, Manhattan Transfer
Registrar Company will be updated to reflect the
change. On the Effective Date, Manhattan Transfer
Registrar Company will be providing instructions to stockholders
relating to the issuance of book-entry evidence of ownership giving
effect to the reverse stock split and to the issuance of new stock
certificates. Shares held as part of the DTC System will
be automatically adjusted on the same basis.
About InoLife Technologies, Inc.
InoLife Technologies, Inc. is organized to develop and market
DNA Testing products within the US. The Company's mission is to
aggressively identify, manufacture and market innovative and
affordable healthcare products and services directly to the
marketplace. By targeting cutting-edge DNA-based testing and
reporting methodologies, the company is able to significantly
benefit the health and wellness needs of both individuals and their
healthcare providers.
InoLife Technologies, Inc. markets the commercial use of
proprietary Intellectual Property by manufacturing, brand marketing
and selling an integrated program of age reversing creams and
lotions. These products will be sold directly to consumers through
e-commerce, direct sales, pharmacies, retailers, distributors and
healthcare providers. It also offers products that are sold only to
physicians, hospitals, outpatient facilities and others in the
medical community for use with their patients.
Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: The statements contained herein, which are not
historical, are forward-looking statements that are subject to
risks and uncertainties that could cause actual results to differ
materially from those expressed in the forward-looking statements
including, but not limited to, certain delays beyond the Company's
control with respect to market acceptance of new technologies,
products and services, delays in testing and evaluation of products
and services, and other risks detailed from time to time in the
Company's filings with the Securities and Exchange Commission.
CONTACT: INVESTOR RELATIONS:
BUZZBAHN, LLC
Steve Reiss
516-570-3850
inol@buzzbahnllc.com
www.buzzbahnllc.com
PUBLIC RELATIONS:
ARCHER MARKETING AND COMMUNICATIONS
Frank Russo
201-213-2504
Frank@ArcherMarketingGroup.com
www.ArcherMarketingGroup.com
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