SOURCE: AV1 Group, Inc.

AV1 Group, Inc.

April 04, 2016 16:00 ET

AV1 Group Announces Reverse Split

LA JOLLA, CA--(Marketwired - Apr 4, 2016) - AV1 Group, Inc. (OTC PINK: AVOPD) -- AV1 Group, Inc. today announced a one-for-twenty thousand (1:20,000) reverse split of its outstanding common stock, as approved by a vote of its shareholders at a special meeting on February 3, 2016. The Company's common stock opened for trading on the OTCBB marketplace on a post-split basis on Wednesday, March 30, 2016.

The Company's Certificate of Incorporation, as amended, reflecting the reverse split has become effective. Upon the open of market on March 30, 2016, the Company's common stock will trade on a split-adjusted basis under the symbol AVOPD.

  • Pre-Split TSO: 6,311,418,242
  • Post-Split TSO: 315,621
  • New CUSIP: 00241Q309
  • Daily List Announcement Date: 3/29/2016
  • Market Effective Date: 3/30/2016

In the reverse split, each 20,000 shares of issued and outstanding common stock will be converted automatically into one share of common stock. No fractional shares will be issued in connection with the reverse stock split, and stockholders who would be entitled to fractional shares will receive cash in lieu of fractional shares.

Stockholders who hold their shares in brokerage accounts or "street name" will not be required to take any action to effect the exchange of their shares. Stockholders of record as of the reverse split who hold share certificates will receive instructions from the Company's transfer agent, Pacific Stock Transfer, explaining the process for obtaining new post-split stock certificates. Pacific Stock Transfer will act as the exchange agent for purposes of implementing the exchange of stock certificates.

About AV1 Group, Inc.: AV1 Group, Inc. is a publicly traded investment and holding company established to identify, secure, and monetize emerging growth companies, technologies and ecommerce businesses positioned for exponential growth. The Company seeks to discover inspired entrepreneurs with revolutionary concepts which can make a substantial footprint in markets that the Company believes to have considerable growth potential. AV1 Group, Inc.'s comprehensive business model also includes a division which delivers internally created projects that are poised for revenue generation, and a platform enabling the Company to develop embryonic stage subsidiaries under one umbrella, bringing a spectrum of backgrounds to the table, thus providing a significant resource of experience, knowledge and expertise to every venture. AV1 Group, Inc. explores every opportunity to help each sector exceed their revenue goals while building close, active working relationships; preparing each respective division to be a robust competitor in their chosen markets. For more information visit: http://www.av1group.com/

Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.

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