SOURCE: Czech Republic Resource Corp.

January 18, 2011 08:00 ET

Czech Republic Resource Corp. Announces Reverse Split Stock

NEW YORK, NY--(Marketwire - January 18, 2011) - Czech Republic Resource Corp. (PINKSHEETS: CZHC), an energy company engaged in the acquisition, exploration, and development of properties for production of crude oil and natural gas, announce today a Reverse Stock Split.

The Board of Directors are considering new business opportunities and funding sources for them. These new opportunities necessitate the reorganization and restructuring of the Company's Stock to do so. The Board of Directors approved a one-for-twenty million (1:20,000,000) reversed split of the Corporation's common stock. The reverse split will be effective as of close of business on February 2, 2011, pending FINRA approval.

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This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets.

Contact Information

  • Contact:
    Jara Georg Meger
    +420 733319266