Novation Holdings (ALZM) Announces Trading Symbol Changes
December 20 2012 - 2:48PM
Marketwired
Novation Holdings (OTCBB:NOHO) today announced that the company's
stock trading symbol has been changed by FINRA to NOHO from the
prior symbol ALZM, effective today.
As a result of the recent (November 6, 2012) effective date of
the name change, reverse split and change of corporate domicile,
the trading symbol for the common stock changed as of November 6,
2012 to "ALZMD" to signify the completion of the reverse split and
the issuance of a new CUSIP number for the common stock. On
December 6, 2012, the "ALZMD" trading symbol was changed back to
"ALZM" by FINRA, the same as before the effective date. This is in
accordance with the policy of FINRA, which issues and maintains
trading symbols for all public companies, that a trading symbol for
a company engaged in a reverse split or other corporation
transaction is first changed by adding a "D" as a fifth letter for
a period of 20 business days, after which the symbol reverts to the
old, pre-transaction symbol for the next 10 business days, when a
new permanent symbol is issued. Accordingly, the new trading symbol
NOHO, representative of the new Novation Holdings name, was issued
by FINRA on December 19, 2012, effective today.
Michael Gelmon, Chairman and CEO of Novation, stated, "This
symbol change to NOHO represents the final step in transforming the
company from a focus exclusively on development of medical devices
to a diversified holding company with interests in medical devices,
early childhood language education, Internet service providers, and
Internet distribution and sale of consumer and health and beauty
products. Limiting our focus to the high risk, capital intensive,
medical device market did not seem to be a prudent use of our
resources, particularly with the imminent new tax on medical device
manufacturers. This expansion of our business model will allow us
to generate revenues and profits must faster and to position us for
more acquisitions."
FORWARD LOOKING STATEMENT
Certain statements contained herein and subsequent oral
statements made by and on behalf of Novation Holdings, Inc. may
contain "forward looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. Such forward
looking statements are identified by words such as "intends",
"anticipates", "believes", "expects", and "hopes" and includes,
without limitation, statements regarding Novation Holdings, Inc.'s
plan of business operations, product research and development
activities, anticipated revenues and expenses and potential
contractual arrangements and obligations. Also, our management may
make forward-looking statements orally to investors, analysts, the
media and others. Any statements made in this news release about an
action, event or development, are forward-looking statements. Such
statements are based upon assumptions that in the future may prove
not to have been accurate and are subject to significant risks and
uncertainties. Such statements are subject to a number of
assumptions, risks and uncertainties, many of which are beyond the
control of the Company. These risks and others are included from
time to time in documents we file with the Securities and Exchange
Commission, including but not limited to, its Form 10-Ks, Form
10-Qs and Form 8-Ks. Other unknown or unpredictable factors also
could have material adverse effects on our future results.
Accordingly, you should not place undue reliance on these
forward-looking statements. Although the Company believes that the
expectations reflected in the forward-looking statements are
reasonable, it can give no assurance that its forward-looking
statements will prove to be correct. Investors are cautioned that
any forward-looking statements are not guarantees of future
performance and actual results or developments may differ
materially from those projected. The forward-looking statements in
this press release are made as of the date hereof. The Company
undertakes no obligation to update or correct its own
forward-looking statements, except as required by law or those
prepared by third parties that are not paid by the Company. The
Company's SEC filings are available at http://www.sec.gov.
Contacts: Novation Holdings, Inc. Media
Departmentmedia@allezoe.com
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