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SearchGuy.com Cancels 50 Million Shares Of Previously Company Owned Stock

WebProNews
Staff Writer
Published: 2004-09-20

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SearchGuy.com announced that it has successfully cancelled fifty million shares of previously company owned stock.

The updated share structure is as follows:

Shares Outstanding: 50,000,000

Public Float: 14,000,000 (approximately)

Leonard Ratchinsky, CEO of SearchGuy.com stated, "In order to further increase shareholder value, we have decided to take this significant step and permanently cancel fifty million shares of the company's stock. We strongly feel that the lower outstanding shares will not only serve to reward our current shareholders, but also let the greater investment community know that we believe in the future of SearchGuy.com, Inc. "

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