Eyecity.com, Inc. Announces Shareholder Update
August 18 2010 - 7:00AM
Eyecity.com, Inc. (Pink Sheets:ICTY) announced today that is has
filed with Pink Sheets its financial statements for the quarter
ended June 30, 2010. It has also updated all Company Information
required by Pink Sheets. Within the next few days, Eyecity.com,
Inc.'s SEC counsel will submit the independent legal opinion also
required by Pink Sheets to confirm the accuracy of all information
to be true and correct. Once this legal opinion has been filed,
Eyecity.com, Inc. will be fully compliant with all Pink Sheets
rules, with no more "yield sign" or "limited information" warnings.
Eyecity.com, Inc. also wants to clarify to its shareholders the
current Capital Structure of all outstanding common stock as of
June 30, 2010.
TOTAL ISSUED AND OUTSTANDING:
|
2,552,965,438 (100%) |
|
|
BREAKDOWN of Shareholdings: |
|
|
MANAGEMENT (Affiliate
RESTRICTED): |
1,000,000,000 (39.2%) |
|
|
OTHER RESTRICTED: |
676,460,415 (26.5%) |
|
|
DTC: |
876,505,023 (34.3%) |
Bradley Wilson, CEO of Eyecity.com, Inc., stated, "We have gone
to significant lengths to bring our company up to full compliance
with Pink Sheets information disclosure rules and to engage new
accountants and SEC lawyers. The total market "float" of our shares
is just 34% of all outstanding common stock.
"We are excited about the ongoing production of our pilot for a
reality-based television program about a new 12-step addiction
treatment program. We will also be launching a companion Web Site
and educational tools to support our mission of aiding those with
debilitating addictions to alcohol, drugs, food, and other
substances. Our Board of Directors is also actively
considering a number of possible acquisition candidates to further
Eyecity.com, Inc.'s growth plans. At such time that agreements have
been reached, we will make more detailed announcements."
Eyecity.com, Inc., based in Toronto, Canada, and with a film
production office in Orlando, Florida, is a multi-media company in
current production of a reality-based television program centered
on a new 12-step addiction treatment program, along with
educational tools and a companion website.
Safe Harbor Act Notice:
Certain information included in this press release, may contain
forward-looking statements about our current and expected
performance trends, growth plans, business goals and other matters.
These statements may be contained in our filings with the
Securities and Exchange Commission, in our press releases, in other
written communications, and in oral statements made by or with the
approval of one of our authorized officers. Information set forth
in this press release contains various "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. The Private
Securities Litigation Reform Act of 1995 (the "Act") provides
certain "safe harbor" provisions for forward-looking statements.
The reader is cautioned that such forward-looking statements are
based on information available at the time and/or management's good
faith belief with respect to future events, and are subject to
risks and uncertainties that could cause actual performance or
results to differ materially from those expressed in the
statements. Forward-looking statements speak only as of the date
the statement was made. We assume no obligation to update
forward-looking information to reflect actual results, changes in
assumptions or changes in other factors affecting forward-looking
information. Forward-looking statements are typically identified by
the use of terms such as "anticipate," "believe," "could,"
"estimate," "expect," "intend," "may," "might," "plan," "predict,"
"project," "should," "will," and similar words, although some
forward-looking statements are expressed differently. Although we
believe that the expectations reflected in such forward-looking
statements are reasonable, we can give no assurance that such
expectations will prove to be correct.
CONTACT: Eyecity.com, Inc.
Bradley Wilson, CEO
407.575.0026
Fax: 416.489.3013
merbankcapitalus@aol.com
228 Merton St. Suite 202
Toronto, ONT M4S1A1
Canada
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