(CORRECTION) XcelPlus International 1-to-100 reverse stock split
Reno, Nevada, July 23, 2021 (GLOBE NEWSWIRE) -- XcelPlus International Inc. (OTC Pink: XLPI) today announced a 1-for-100 reverse split of its outstanding common stock. The effective date of the stock split is July 26, 2021.
While the Financial Industry Regulatory Authority (FINRA) did process the reverse split, FINRA has neither approved nor disapproved the action. FINRA’s processing of the reverse split does not constitute FINRA approval. Furthermore, FINRA’s processing of the reverse split does not mean that FINRA has considered the company’s compliance with any federal, state, or other self-regulatory requirements.
“I ask our shareholders to be patient as we complete this transition” said XLPI President and CEO, Mr. Charles Robinson. “There are many wheels turning here at XcelPlus. We are working diligently to provide value and transparency to our shareholders, and to that end, we expect to be posting our un-audited financial statements and other important information on our website in the coming weeks.
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