SOURCE: Artificial Life, Inc.

Artificial Life, Inc.

September 08, 2014 08:00 ET

Artificial Life Buys Back Shares

HONG KONG, CHINA--(Marketwired - Sep 8, 2014) - Artificial Life (PINKSHEETS: ALIF), a Hong Kong based consulting and investment company announced today a major equity transaction.

Artificial Life, Inc. announced that it has bought back approximately 6.4 million shares from 3M Company, its former investor. The terms and conditions of the transaction are confidential.

After the transaction the company has issued approximately 103 million shares of which approximately 42% are owned by its current management.

About Artificial Life, Inc.

Artificial Life, Inc. is a new kind of investor and business consulting and investment company. We act as a global business network provider, accelerator and facilitator for our investment companies, assisting them in their funding efforts, sales, production, and general business development activities. We also act as an investment scout and consulting firm identifying and analyzing investment targets for clients and help partners to develop their business globally. Artificial Life, Inc. is a Delaware-registered corporation founded in 1994 in Boston. Our shares are traded on the OTC market (ticker: ALIF). Our global headquarters are in Hong Kong.

For more information on Artificial Life, Inc., please visit: www.artificial-life.com

Contact Information

  • Contact:
    Artificial Life IR and PR Contact:
    Tel: (+852) 3102 2800
    Email Contact