Vega to Cancel 150 Million Shares of Stock
LONDON, Sept. 11 /PRNewswire-FirstCall/ — VEGA PROMOTIONAL SYSTEMS, INC. (Pink Sheets: VGPR) today announced it will be cancelling 150 million shares of the Company’s common stock.
Vega recently announced that it was acquiring Natural Fuels Industries (NFI) and making the Montana company a wholly owned subsidiary of Vega. As the Company recently announced, it has decided to drop the subsidiary NFI and run all energy related business through the parent company, Vega Biofuels, Inc. As a result, 150 million restricted shares associated with the transaction are to be cancelled.
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “forecast,” “project,” “intend,” “expect” “should,” “would,” and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company’s actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements.
SOURCE Vega Promotional Systems, Inc.