SearchPath HCS Announces Reverse Stock Split
SearchPath announces their long-awaited reverse stock split.
- (1888PressRelease) February 09, 2012 - Cleveland, OH - SearchPath HCS Inc. (Pink Sheets: SRCP), today announced, as part of its continuing effort to refine its model, a previously approved 1-for- 1,000 reverse split of its common stock (the "Reverse Stock Split") has been implemented. Trading of the reverse stock split-adjusted shares of SearchPath common stock will commence at the opening of OTC Pink Sheets trading on Tuesday, February 7, 2012. SearchPath shares will continue to trade on the OTC Pink Sheets under the symbol SRCP, with the letter "D" added to the end of the trading symbol for 20 trading days, indicating a reverse stock split has been affected. The new CUSIP number for the Company's common stock following the Reverse Stock Split is 812231 207.
The Reverse Stock Split will become effective as of the opening of trading on February 7, 2012, at which time every one thousand (1,000) shares of the Company's issued and outstanding common stock will be automatically combined into one (1) issued and outstanding share of the Company's common stock, without any change in the par value per share. Shareholders holding less than one whole share after the reverse stock split will have their shares rounded up.
About Search Path HCS, Inc.
SearchPath HCS, Inc. is a rapidly growing human capital solutions firm and the parent company of SearchPath International, Inc. www.searchpath.com. SearchPath International is a U.S.-based talent acquisition professional services firm, with 58 franchises nationwide.
Investor Contact
Matt Narens
mnarens ( @ ) searchpath dot com
216.912.1500 x270
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