Barclay
Road announces a reverse split of 50:1
Montreal,
QC -- February 15th
--
Barclay Road Corp. (Other OTC: BCYR.PK) announced that on February 15, 2008,
Barclay Road, Inc., a Wyoming corporation (the “Company”) received stockholder
consent from the holders of more than 50% of the shares entitled to vote
in a
vote of shareholders, consent for the approval of authorizing the Company
to
effect a reverse split of the Company’s common stock, with no par value at a
ratio of up to one for five hundred. On February 15, 2008, the Company’s Board
of Directors approved the implementation of a reverse stock split at a ratio
of
one-for-fifty.
No
Certificate of Amendment to its Certificate of Incorporation with the Wyoming
Secretary of State is needed to effect the reverse stock split.
On
February 22, 2008, at 5:00 p.m. Eastern Time, the reverse stock split shall
become effective. At that time, each fifty (50) outstanding shares of common
stock of the Company will be combined into and automatically become one (1)
outstanding shares of common stock of the Company. The reverse stock split
is
expected to reduce the number of outstanding shares of the Company’s common
stock from approximately 525,000,000 shares to approximately 10,500,000 shares.
No fractional shares will be issued in connection with the reverse stock
split,
all fractional shares that would have resulted from the reverse split shall
be
rounded up to the next whole share.
Located
in Montreal, Quebec, Barclay Road, Inc. is an entertainment and media company;
they also own publishing company Lifetime Books. Barclay Road has recently
filed
their 10-12G with the SEC and is considered a current filer with
PinkSheets.com.
SAFE
HARBOR STATEMENT
Forward-looking
Statements
Except
for historical matters contained herein, the matters discussed in this press
release are forward-looking and are made pursuant to the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995. Investors are cautioned
that these forward-looking statements reflect numerous assumptions and involve
risks and uncertainties that may affect Barclay Road, Inc. and its subsidiary
businesses and prospects and cause actual results to differ materially from
these forward-looking statements. Among the factors that could cause actual
results to differ are: Barclay Road, Inc.'s operating history, competition,
low
barriers to entry, reliance on strategic relationships, rapid technological
changes, inability to complete transactions on favorable terms and those
risks
discussed in the Company's filings.
Contact
Information:
Investor Relations
