SOURCE: Eli Enterprises, Inc.

March 10, 2008 10:57 ET

Eli Enterprises, Inc. Announces Reverse Stock Split

BOCA RATON, FL--(Marketwire - March 10, 2008) - Eli Enterprises, Inc. (PINKSHEETS: ELIN) (the "Company") today announced that its Board of Directors has approved a reverse split of its common stock in a ratio of 20 to 1, with fractional shares rounded up to the next highest share. The date of the reverse is to be announced.

Eli Enterprises, Inc.

Eli Enterprises, Inc. is a business development company that acts as a traditional holding company, developing various business strategies and companies in various business sectors.

Safe Harbor Statement

Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate," "project," "intend," "forecast," "anticipate," "plan," "planning," "expect," "believe," "will likely," "should," "could," "would," "may" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions -- activities of competitors and the presence of new or additional competition and conditions of equity markets.

Contact Information

  • Contact:
    Eli Enterprises, Inc.
    Press Relations
    Phone: 561-962-4030