USA Recycling Industries, Inc. Announces New Trading Symbol, Reverse Stock Split
14 Mars 2011 - 2:49PM
USA Recycling Industries, Inc., fka Voyager Petroleum Inc. (Pink
Sheets:USRI) (Frankfurt:DXD), a scrap metal recycler servicing the
automotive service center chain store industry, with commercial
customers throughout North America, today announced it has been
issued a new trading symbol for its Common Stock. Effective today
the Company's Common Stock will trade on the Pink Sheets under the
symbol "USRI." In addition, the Company also today announced a
reverse stock split of its issued and outstanding Common Stock
whereby one (1) share of Common Stock will be issued in exchange
for every two hundred (200) shares. This reverse stock split is
also effective today. Vincent J. Smith, CEO of the Company, stated:
"We are pleased to take a major step forward with our
reorganization plans that will further enhance long-term
shareholder value and better position the Company for future
acquisition activities in the automotive recycling
arena."
About the Company
USA Recycling Industries, Inc., formerly known as Voyager
Petroleum, Inc. (www.usarecyclingindustriesinc.com), is a publicly
traded mid-market scrap metal recycler servicing
commercial and industrial customers throughout North America.
The Company now participates in a $75 billion global scrap metals
market through its acquisition of Scrap USA in December
2010. Operating since 2007, Scrap USA has been focused on and
successful in targeting the Automotive Service Center
Industry. It currently provides specialty recycling programs
to more than 4,000 automotive service center locations operated by
some of the most recognizable names in that retail category. The
Company's contracted automotive scrap metal suppliers are listed on
the NASDAQ, New York Stock Exchange and others are owned by some of
the world's largest hedge funds. Having developed a national
footprint in its current market of scrap metal, the company is now
comfortable with integrating other ancillary products such as oils
and other automotive-related recyclables to its specialty
services.
Safe Harbor Forward-Looking Statements
To the extent that statements in this press release are not
strictly historical, including statements as to revenue
projections, business strategy, outlook, objectives, future
milestones, plans, intentions, goals, future financial conditions,
future collaboration agreements, the success of the Company's
development, events conditioned on stockholder or other approval,
or otherwise as to future events, such statements are
forward-looking, and are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
The forward-looking statements contained in this release are
subject to certain risks and uncertainties that could cause actual
results to differ materially from the statements made.
CONTACT: Vincent J. Smith - CEO
USA Recycling Industries, Inc.
877-464-5865
USA Recycling Industries (CE) (USOTC:USRI)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024
USA Recycling Industries (CE) (USOTC:USRI)
Graphique Historique de l'Action
De Déc 2023 à Déc 2024
Real-Time news about USA Recycling Industries Inc (CE) (OTCMarkets): 0 recent articles
Plus d'articles sur USA Recycling Industries, Inc.