SOURCE: MSE Enviro-Tech Corp

November 18, 2009 16:47 ET

MSE Enviro-Tech Corp. Declares 3.5-for-1 Stock Split

MIAMI, FL--(Marketwire - November 18, 2009) - MSE ENVIRO-TECH CORP. (MEVT) (PINKSHEETS: MEVT) (FRANKFURT: MEH) is pleased to announce that the Board of Directors has declared a 3.5-for-1 stock split, payable on January 25, 2010 to shareholders of record on January 4, 2010 at 5:00 P.M. EST. For each common share held on the record date, shareholders will receive an additional 2.5 shares to total 3.5 shares post split. Fractional shares will be rounded up to the nearest tenth.

This stock split will more than triple the number of common shares outstanding, from 15,979,373 to 55,927,805. The Board took this action to hopefully reduce the degree of illiquidity in daily share trading of MEVT shares, particularly as the Company believes it is embarking on a period of increased corporate activity and revenue-producing developments, as well as to ultimately expand the Company's shareholder base.

The Memorandum of Understanding between MSE Enviro-Tech Corp. and Janus Products Corp. (announced by MEVT on October 26, 2009) regarding the Titan21 Fire Blanket, outlined a framework whereby the two companies could proceed immediately with their plans to market this promising product nationwide in the months ahead. The Titan21 Fire Blanket protects people, including fire fighters, from fire, and can also be used to blanket, and extinguish, the fire source. It is ideal for houses, offices, hospital, hotels, buses, ships, nightclubs etc., and is considered to offer significant potential in the growing Anti Fire industry.

MSE Enviro-Tech Corp.

MEVT owns the United States marketing rights to the Hartindo line of anti-fire products that represent an extraordinary and proven technology for fighting and preventing accidental fires. The environmentally friendly Fire Extinguishing and Fire Inhibiting properties of Hartindo products address a wide range of critical needs in fire prevention, including the overall goal of lowering the enormous losses, in both life and property, caused by accidental fires across North America each year. MEVT is planning a marketing campaign and the establishment of a nationwide network of agents and distributors for the exciting Hartindo product line.

Common Shares Outstanding: 15,979,373

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Safe Harbor Statement

This release may contain forward-looking statements that involve risks and uncertainties, including without limitation, acceptance of the company's products, increased levels of competition, product and technological changes, the company's dependence upon financing and third-party suppliers, and other risks detailed from time to time in the company's materials. Statements are subject to change without notice. We assume no obligation to update any forward-looking statements and nothing herein should be taken as a promise or representation.

Contact Information

  • Investor Relations Contact:
    Mr. Brent O'Connor
    Email Contact
    +1 647 343-2549