TMM, Inc. Announces All Unauthorized Shares Have Been Returned to the Company and the DTCC Has Lifted the Chill on TMMI Stock
October 28 2008 - 11:28AM
Marketwired
TMM, Inc. (PINKSHEETS: TMMI) announced today that all unauthorized
shares issued by former custodian, Corien Dion-King, were returned
to the company. TMMI President Mike Fernandez stated, "Today
finally resolves the problems created over one year ago by Corien
Dion-King, former custodian. The presence of these unauthorized
shares in the market has made it difficult for many of our
shareholders to trade the stock. Today's announcement assures all
who purchased shares of TMMI that they will have no problem in
having valid shares delivered. The company is now poised to move
forward with its TruDef high definition video technology." TMM also
announced that the chill placed on the TMMI stock because of the
presence of unauthorized shares has been lifted by the Depository
Trust and Clearing Corporation (DTCC).
Disclaimer: This release includes forward-looking statements,
which are based on certain assumptions and reflects management's
current expectations. These forward-looking statements are subject
to a number of risks and uncertainties that could cause actual
results or events to differ materially from current expectations.
The Company disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
Contact: TMM, Inc. 26840 Agoura Rd Calabasas, CA 91301 Tel:
323-556-0819 E-Mail: info@tmmi.us http://www.tmmi.us
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