SOURCE: Photomatica, Inc.

July 01, 2008 08:00 ET

Photomatica Announces 5 for 1 Forward Split

TORONTO--(Marketwire - July 1, 2008) - Photomatica (OTCBB: PHMA) today announced that its board of directors approved a 5 for 1 forward stock split effective July 1, 2008. Mr. Hilary Vieira, Chairman and President of the Company, says, "The forward split of the common stock will enable Photomatica to diversify our shareholder base and increase the liquidity for our shareholders as Photomatica moves ahead with its new strategy to develop a leading edge patented airport runway scanning system."

This release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-KSB and other filings made with the SEC.

Contact Information

  • For more information, please contact:

    Mr. Hilary Vieira
    Tel: 416-420-2994
    31,000,000 shares presently issued and outstanding.

    Derek Sutherland
    Tel: 416-832-0442
    50,780,284 shares outstanding.