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China In-Focus: Liberty Alliance Completes Reverse Stock Split, Changes Name(InvesTrend Via Acquire Media NewsEdge) July 18, 2008 (FinancialWire) The board of directors and stockholders of Liberty Alliance Inc. (OTCBB: SIHI) (Current Market Cap. US$63.00 Mil.) have approved a 1-for-3.5 reverse stock split of the company's outstanding common stock and a name change to SinoHub Inc. The company s symbols also changed; SinoHub previously traded with the symbol LBTI. As a result of the reverse stock split, every 3.5 shares of the company's common stock will be combined into one share of the company's common stock. The reverse stock split affects all shares of common stock and stock options of the company outstanding as of immediately prior to the effective time of the reverse stock split. The number of shares of the company's common stock currently outstanding is approximately 70 million prior to the reverse stock split and will be reduced to approximately 20 million after the reverse stock split. SinoHub is a leading electronic components supply chain management service provider. The company provides SCM services to electronics manufacturers and component suppliers in the Peoples' Republic of China. FinancialWire is a fully independent, proprietary news wire service of Investrend Information (a division of Investrend Communications, Inc.). FinancialWire news is written by professional journalists, dedicated to pure journalistic standards. FinancialWire does not receive or accept any compensation from any individual or subject company (or representative thereof) for its news or opinions. All FinancialWire news is available at http://www.financialwire.net . Please address any inquiries to [email protected] . Free annual reports for companies mentioned in the news are available at http://investrend.ar.wilink.com/?level=279 . (Distributed for Investrend Communications, Inc. via M2 Communications Ltd (www.m2.com)) Copyright ? 2008 M2 Communications Ltd. |