TOPEKA, Kan., Jan. 24, 2012 /PRNewswire/ --
The Board of Director of Nikron Technologies, Inc. (OTC Pink:
NKRN) announced that effective immediately the Company has reduced
the number of common shares outstanding by 270,558,050. The effect
of this action is to bring the shares outstanding from 395,558,050
to 125,000,000, a substantial decrease of approximately 70%.
The Board made arrangements to effect this action based on a
desire to establish a more desirable valuation in the marketplace,
and to create and enhance accessibility to financing.
Robert Gaither, Nikron Secretary,
stated: "The revolutionary Nikron enhanced oil recovery technology
is at the cusp of breakout activity. We are based on sound business
principles which have inherent fundamental value. Our objective and
the overriding purpose of our management is to enhance shareholder
value. This action is in keeping with that goal."
ABOUT NIKRON TECHNOLOGIES:
Nikron Technologies, Inc. (OTC Pink: NKRN) is a natural resource
company with the specific purpose of conducting enhanced oil
recovery operations. The Company has developed breakthrough
proprietary enhanced oil recovery technology and has an aggressive
development vision focused on utilization of this scientific
machinery (vehicle) to extract additional oil from proven, mature
oil fields, thus negating the high and risky costs associated with
drilling and exploration. The innovative Nikron technology offers a
different and exciting approach to oil development which has the
potential to be "game changing" and propel the Company to the
forefront of the industry. For more information please visit
Nikron's website at www.nikrontech.com.
FORWARD-LOOKING DISCLAIMER
This summary contains forward-looking statements within the
meaning of the "safe harbor" provision of the Private Securities
Litigation Reform Act of 1995. These statements address future
events and conditions concerning the Company's business plans. Such
statements are based on management's current expectation and are
subject to a number of factors and uncertainties, such as future
economic conditions and changes in anticipated revenues and costs,
which may cause actual results to differ materially. The Company
expressively disclaims any future obligation or undertaking to
update or revise any forward-looking statements contained herein.
Investors and potential investors should independently investigate
and fully understand all risks before making investment
decisions.
For more information contact us at:
Nikron Technologies, Inc.
3101 Southwest Shadow Lane
Topeka, KS 66604
Phone (785) 357-1055
Fax (785) 357-1105
info@nikrontech.com
SOURCE Nikron Technologies, Inc.