Quantcast

Octavian Global Technologies Reports Reverse Stock Split and New Trading Symbol

January 7, 2009

LONDON, January 7 /PRNewswire-FirstCall/ — Octavian Global Technologies,
Inc. (“Octavian”), a leading provider of total gaming and lottery solutions,
serving Casino, AWP (Amusements With Prizes), Lottery and emerging gaming
market sectors worldwide, announced today a 1-for-5.0174 reverse stock split
of its shares of common stock and a change of its trading symbol on the OTC
Bulletin Board to “OCTV.”

The reverse stock split, which was previously authorized by Octavian’s
board of directors and approved by its stockholders, became effective as of
the beginning of business on January 7, 2009. As a result, immediately
thereafter the number of shares of Octavian common stock outstanding was
reduced from 39,147,714 shares to 7,802,400 shares.

In connection with the reverse stock split a new trading symbol, “OCTV,”
has been assigned by the OTC Bulletin Board to the Octavian common stock
effective as of January 7, 2009.

    About Octavian Global Technologies Inc

http://www.octavianinternational.com

Established in 2001, Octavian is a leading provider of total gaming and
lottery solutions, serving Casino, AWP (Amusements With Prizes), Lottery and
emerging gaming market sectors worldwide. Octavian-developed solutions, and
also leading third-party products, are marketed under four core solution
areas – OctaSystems, OctaGames, OctaSupplies and OctaLotto. The company
currently has offices and computer centers in the Argentina, Australia,
Colombia, Germany, India, Italy, Russia, UK, Ukraine and USA. Through this
extensive network, and also through joint ventures and partnerships across
the gaming world, Octavian systems, games and other solutions are deployed
and supported in more than 30 countries.

SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS

This news release contains forward-looking statements, including
statements that include the words “believes,” “expects,” “anticipates,” or
similar expressions. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause the actual
results, performance, or achievements of the Company to differ materially
from those expressed or implied by such forward-looking statements. Factors
that may affect these forward-looking statements include, among others, our
ability to raise capital, the decisions of third parties over which we have
no control, the state of the telecommunications industry, technological
changes and other factors set forth from time to time in our public
statements. This news release speaks as of the date first set forth above and
the Company assumes no responsibility to update the information included
herein for events occurring after the date of this news release.

    For further information contact:

    Octavian
    Helen Hedgeland
    +44(0)1483-543-543 or mail H.Hedgeland@octavianinternational.com

SOURCE Octavian Global Technologies, Inc


Source: newswire



comments powered by Disqus