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United Consortium Announces Reverse Stock Split, Symbol Change and Expanded Business Operations(Market Wire Via Thomson Dialog NewsEdge) FORT LAUDERDALE, FL, April 11 / MARKET WIRE/ -- United Consortium, Ltd. (PINKSHEETS: UCSO), a strategic acquirer and international distributor of well known branded consumer goods, today announced more details on its newly revamped corporate strategy and expanded business operations. In addition, the Company announced a 1 for 1,600 reverse stock split of its outstanding common shares as part of a necessary capital restructuring. Our common stock will trade on a post-split basis at market open on Friday, April 11, 2008. Effective close of business on April 10, 2008 every 1,600 shares of common stock outstanding immediately prior thereto will be equal to one share of common stock. All fractional shares which would otherwise be required to be issued as a result of the stock split will be rounded up to the nearest whole share. As of result of the reverse split, our stock symbol will change, the new stock symbol effective April 11, 2008 will be UCSO. "The recent announcements regarding my taking over as the new CEO and President, our name change, and recent capital restructuring signals a new era for the company," said Gonzalo Lage, CEO and President of United Consortium. "We intend to continue recruiting senior management, partners, product licensors, and acquisition targets that can add immediate impact to our operation. We have a plan, we have products and business at hand, and we intend to keep our stakeholders informed during this transition period." The ultimate goal of United Consortium is to acquire and develop brands already well known to retailers and consumers. The company strives to preserve competitiveness and independence of individual brands, identity, product development, sales, and marketing. The operation is focused on delivering efficient quality control systems to provide easy, trouble-free sales for retailers and to retain brand allegiance of consumers. To contact United Consortium regarding product licensing, brand acquisition or distribution opportunities for your products, please call 954-642-8806 or email us at [email protected]. ABOUT UNITED CONSORTIUM, LTD. United Consortium, Ltd. ("UC") is a strategic acquirer and distributor of well known brands to retailers and consumers alike. United Consortium's headquarters are located in Florida, which allows the company timely access for product introductions as well as quick time management of its resellers in the Caribbean, Central and South America. Legal Notice Regarding Statements Including Those That Are Forward Looking The statements in this press release regarding real or implied expectations with regard to the future impact on the company's results from acquisitions or developed properties are forward-looking statements and are within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in the above document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Although every effort has been made not to include statements that involve risk and uncertainties that may be the case and such statements are subject to change at any time. There are no anticipated results detailed in the above statements, however, actual results may differ materially from expected or implied results. For more information, contact: United Consortium Ltd. Press and Investor Relations Tel. 954-642-8806 Fax 954-337-8008Email Contactwww.unitedconsortium.net Copyright ? 2008 Market Wire, Incorporated |