The Fight Zone, Inc. to Amend March 30, 2009 Filing
April 13 2009 - 11:40AM
Marketwired
The Fight Zone, Inc. (PINKSHEETS: TFZI), in a filing with the State
of Colorado on March 30, 2009 to change the name of the Company to
Gold Recycle Corporation, the Company inadvertently filed under
Article IV (d) a statement with regard to a reverse split of the
company on a specific date. According to Company Co-CEO Steven E.
Humphries, "This filing will be amended today through the state of
Colorado."
Humphries added, "The Company has no desire to reverse its stock
as we have made tremendous progress with the merger of Gold Recycle
Corporation into the Fight Zone. Investor confidence is at an all
time high."
The metals recycling business is the second biggest source of
gold, silver and platinum. An estimated $9 billion is spent on
jewelry every year in the U.S. alone. Worldwide, between 23% and
25% of the gold supply comes from recycling. That translates into
30 million ounces of gold into the global market from recycling
which equals $20 billion annually.
The gold recycling business is a $30 billion dollar annual
business. GRC Management is forecasting gross revenues of $2 to 4
million dollars in the first 12 months of operation.
The statements contained in this press release that are not
historical facts are forward-looking statements within the meaning
of Section 21E of the Securities Exchange Act of 1934 ("the
Securities Act"), as amended and the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements may be
identified by, among other things, the use of forward-looking
terminology such as "believes," "expects," "may," "will," "should,"
or "anticipates" or the negative thereof or other variations
thereon or comparable terminology, or by discussions of strategy
that involve risks and uncertainties. In particular, our statements
regarding the anticipated growth of the company from our subsidiary
divisions, the anticipated longer-term growth of our business, and
the timing of the projects and trends in future operating
performance are examples of such forward-looking statements. The
forward-looking statements include risks and uncertainties,
including, but not limited to, the timing of revenues due to the
uncertainty of market acceptance and other factors, including
general economic conditions, not within our control. The factors
discussed herein and expressed from time to time in our filings
with the Securities and Exchange Commission could cause actual
results to be materially different from those expressed in or
implied by such statements. The forward-looking statements are made
only as of the date of this filing and we undertake no obligation
to publicly update such forward-looking statements to reflect
subsequent events or circumstances.
Contact: Jennifer Goldstein 1-866-786-4443
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