SOURCE: Agri-Dynamics, Inc.

January 19, 2010 14:00 ET

Agri-Dynamics, Inc. Announces a Fifty-for-One Reverse Stock Split

DALLAS, TX--(Marketwire - January 19, 2010) - Agri-Dynamics, Inc. (PINKSHEETS: AGDY) announced today that the Company's stockholders have approved a 50-for-one reverse stock split (Reverse Split) effective for the opening of trading January 19, 2010.

As a result of the Reverse Split every fifty shares of the Company that a stockholder owned were converted into one share of the Company as of the close of business on January 15, 2010, the effective date of the Reverse Split. Notwithstanding the Reverse Split, each stockholder will continue to hold the same percentage of the Company's outstanding shares immediately following the Reverse Split as he or she held immediately prior to the Reverse Split. Fractional Shares created as a result of the Reverse Split will be rounded up to the nearest whole share.

The Company has retained its transfer agent to act as exchange agent for the Reverse Split. Shareholders of record as of the effective time of the Reverse Split will receive a letter of transmittal providing instructions for the exchange of their pre-reverse stock split certificates of common stock for new certificates. Stockholders who hold their shares in 'street name' will be contacted by their banks or brokers with any relevant instructions.

About Agri-Dynamics, Inc.

Agri-Dynamics, Inc. is a holding company providing management consulting services, incorporated under the law of the State of Iowa. Its shares are currently traded on over-the-counter market (OTC) and are listed on the Pink Sheets.

SAFE HARBOR STATEMENT

Safe Harbor Statement under the Private Securities litigation Reform Act of 1995: The statements, other than the statements of historical facts, may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risk and uncertainties, including, without limitation, demand and competition for the Company's products and services, the availability to the company of adequate financing to support its anticipated activities, the ability of the company to generate cash flow from operations and the ability of the company to manage its operations. As statements regarding future events concern management's estimates of future results of operations, and these estimates are based on many elements beyond management's control, differences from management's estimates may occur, and such difference may be material.

Although Agri-Dynamics, Inc. believes the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by Agri-Dynamics, Inc. or any other person that the objective and plans of Agri-Dynamics, Inc. will be achieved.

Contact Information

  • Investors Relations Contact:
    Agri-Dynamics, Inc.
    214 389 0878