1PM Industries Announces 40% Reduction in Authorized Shares
08 Février 2016 - 7:43PM
InvestorsHub NewsWire
1PM Industries Announces
40% Reduction in Authorized Shares
Beverly Hills, CA -- February 8, 2016 -- InvestorsHub NewsWire
-- 1PM Industries, Inc. (OTC:
OPMZ) announced today that the Company has reduced the
authorized common shares by 40% from 200 Million to 120 Million
authorized shares.
Joseph Wade, CEO of 1PM Industries states, "We have taken the
necessary steps to initiate this reduction in order to further
tighten our share structure and continue to create shareholder
value. With the launch of our products in dispensaries in
January, we feel that by reducing our authorized share count will
have a more positive appeal to the investment community at
large."
About 1PM Industries.
1PM Industries is a Colorado corporation. The Companys business
focuses on the sale and distribution of medical marijuana under the
brand award winning Von Baron Farms.
Notice Regarding Forward-Looking Statements in this press
release which are not purely historical are forward-looking
statements and include any statements regarding beliefs, plans,
expectations or intentions regarding the future. Actual results
could differ from those projected in any forward-looking statements
due to numerous factors. These forward-looking statements are made
as of the date of this news release, and we assume no obligation to
update the forward-looking statements, or to update the reasons why
actual results could differ from those projected in the
forward-looking statements. Although we believe that any beliefs,
plans, expectations and intentions contained in this press release
are reasonable, there can be no assurance that any such beliefs,
plans, expectations or intentions will prove to be accurate.
Investors should consult all of the information set forth herein
and should also refer to the risk factors disclosure outlined in
our annual and interim reports.
Contacts
1PM Industries, Inc.
(424) 253-9991
info@1pmindustries.com
1pm Industries (CE) (USOTC:OPMZ)
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