SOURCE: Salon City Inc.

December 01, 2008 17:14 ET

Salon City, Inc.'s Reverse Stock Split Delayed to Tuesday, December 2, 2008: New Symbol Will Be OTCBB: SALN

BEVERLY HILLS, CA--(Marketwire - December 1, 2008) - Salon City, Inc. (OTCBB: SLON) announced today that the effective date of its pending 1-for-100 reverse stock split has been postponed until the open of business on Tuesday, December 2, 2008. The Company had previously announced that its reverse stock split would become effective on December 1st.

Regarding this brief postponement, President & CEO Steven Casciola commented, "We just received confirmation today from NASDAQ that the new date of the reverse was pushed back one day. While we would have preferred that the reverse stock split occur on December 1st, as previously announced, an unforeseen delay outside of our control caused the one day postponement."

The new symbol for Salon City, Inc. will be (OTCBB: SALN).

ABOUT SALON CITY, INC.

Salon City, Inc., is an emerging media company for beauty entertainment and a lifestyle brand and marketing network for products, distribution and services. Salon City was the first to brand the genre, 'Beauty Entertainment' and produces the award-winning web show, Hollywood CeleBeauty, online media, licensed events and awards shows. It publishes its flagship consumer publication, Salon City magazine, which is sold and retailed domestically and internationally. For more info: visit www.saloncity.com or e-mail info@saloncity.com.

Certain information contained in these materials is "forward-looking" information, such as projections, estimates, or statements of intentions, expectations or plans. Results may differ materially from the results contemplated in such forward-looking information.

Contact Information

  • CONTACT:
    A.S. Austin & Company, Inc.
    Mr. Andrew S. Austin
    619-334-5644
    Email Contact