SOURCE: InternetArray, Inc.

February 18, 2011 08:22 ET

InternetArray Announces Reverse Stock Split

NEW YORK, NY--(Marketwire - February 18, 2011) - InternetArray, Inc. (PINKSHEETS: INAR) filed an Amendment to its Certificate of Incorporation effecting a 1-for-2500 reverse stock split with a record date of February 15, 2011 to be effective on or about February 23, 2011, or as soon as practical thereafter. This will result in 6,271,401 total outstanding shares. Four billion shares were retired prior to the split.

The reverse split was approved through written consent by shareholders holding a majority of the voting stock of InternetArray, Inc. Upon regulatory approval of the reverse, the Company will receive a new trading symbol. Additional details will be forthcoming.

This reverse split is expected to create a viable trading environment for the stock, reflecting both the Company's solid current operations and the expansion of the business through research and development and potential acquisitions.

The following notice is provided to all shareholders:


This notice is provided pursuant to Section 228(e) of the Delaware General Corporation Law.

On February 9, 2011, pursuant to the Delaware General Corporation Law, shareholders holding a majority of the voting Common Stock shares of InternetArray, Inc. (the "Company") through written consent approved the following corporate action:

1. All issued and outstanding shares of Common Stock held by each stockholder of record on February 15, 2011 (the "Record Date"), shall be split at a ratio of one (1) to two thousand five hundred (2,500). This reverse stock split should not affect the par value of the Common Stock issued and outstanding or the authorized shares of Common Stock. No fractional share or scrip will be issued upon the reverse stock split. Any fractional shares will be rounded up to a whole share.

On February 10, 2011, the Company filed with the Delaware Secretary of State an Amendment to the Certificate of Incorporation to effect this reverse stock split.

About InternetArray, Inc. (

InternetArray, Inc., provides guidance and investment for innovative, early stage Internet companies. The Company's mission is to identify and develop collaborative business partners into viable and profitable companies.

This press release may contain certain statements that are not descriptions of historical information, but are forward-looking statements within the meaning of Section 27A of the Securities Act 1933 and Section 21E of the Exchange Act of 1934. These forward-looking statements refer to matters that involve risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ from the assumptions currently anticipated.

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