Post by Franko10 ™ on Jul 27, 2005 15:14:30 GMT -5
Tantivy Group, Inc. Announces Corporate Restructuring; Name Change and Stock Split Advisory
Business Editors/High-Tech Writers
LAS VEGAS--(BUSINESS WIRE)--April 3, 2003
The Board of Directors of Tantivy Group, Inc. (OTCBB:TVYG), announced the company has filed for a new ticker symbol, stock CUSIP number and corporate name change.
Effective today, the company will be known as Oretech, Inc., and will continue to trade on the OTC Bulletin Board. A new ticker symbol has been requested to reflect the new corporate name, and will be advised when it is made official.
Tantivy Group acquired Oretech Corporation, a privately held Nevada corporation, along with Oretech's sublicense for a proprietary new ore processing technology. A ten for one (10:1) reverse stock split was approved prior to this acquisition, and will be effective upon notification from the NASDAQ.
Stephen D. Cummins, newly appointed CEO and President, indicated that the company's new management team will be introduced in a subsequent press release shortly; and that further details about Oretech's new business model will be forthcoming in the days ahead.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
Statements contained in this document which are not historical fact are forward-looking statements based upon management's current expectations that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements.
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