SOURCE: AcuMedSpa Holdings, Inc.
TAMARAC, FL–(Marketwire – July 1, 2010) – AcuMedSpa Holdings, Inc. (
A filing dated June 25, 2010 was made with the state of Nevada to raise the authorized shares of AcuMedSpa from its current 150 million shares to 300 million shares. This action was done erroneously and was never intended to be filed. AcuMedSpa has rescinded the incorrect filing and expects the State of Nevada website to reflect this action shortly. The correct authorized shares total should be 150 million shares.
The company does not have the authority to raise the authorized shares without majority shareholder approval. Recently AcuMedSpa reformed its share structure by reducing both the authorized shares and the outstanding shares. These changes were intended to give all major decision making power to the shareholders. Any significant share structure decisions such as raising the authorized shares, share issuances, and stock splits of any kind etc. now require the consent of a majority of shareholders by proxy vote.
“Obviously raising the authorized shares after just having lowered them was not by design,” stated AcuMedSpa Holdings President Gregory Antoine. “Just last week we reiterated in our press releases that moves like this cannot be done without consent from our shareholders. This was a regrettable internal communication error on our part. Our commitment to our shareholders has never wavered and we will continue to press forward in our efforts to continue building a strong company.”
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For additional info please visit our website: http://www.acumedspa.com/
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements as a result of various factors, and other risks. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and AcuMedSpa Holdings, Inc. takes no obligation to update such statements.
Contacts:
Gregory Antoine
1-877-8-ACUMED