SOURCE: Produce Safety and Security International, Inc.

June 24, 2005 13:00 ET

Produce Safety and Security International, Inc. Announces Approval of Reverse Stock Split

PRESCOTT, AZ -- (MARKET WIRE) -- June 24, 2005 -- Produce Safety and Security International, Inc. (OTC: PDSS) is pleased to announce today that its shareholders approved an Amendment and restated its Certificate of Incorporation to effect a one-for-one thousand reverse stock split. The reverse split will take effect upon the open of markets on Monday, June 27, 2005. As a result of the reverse stock split, every 1000 shares of common stock will be exchanged for one share of common stock.

PDSS's common stock will trade under the new symbol "PDSC" to designate that it is trading on a post reverse split basis.

PDSS CEO, Mr. Clarence 'Bill' Karney said, "The reverse split should align the Company's capitalization structure and may help position our stock to be purchased by new institutional investors as part of the overall investor relations objective. We expect that after the reverse stock split the stock will trade at a price higher than the current market price; Trading at a higher price may enable the Company to attract a broader base of future investors. The reverse split is also part of our comprehensive strategy to improve the Company's standing in order to maximize shareholder value and another step toward positioning the Company to eventually move to a larger exchange."

About Produce Safety and Security International, Inc. (www.foodsafeint.com)

Produce Safety and Security intends to address food safety and sanitation issues and provide improved procedures to minimize risk and liability. Produce Safety and Security's comprehensive program is a proactive approach to food safety. The Company intends to offer a variety of products and services that provide safer food and produce products, better quality, reduce shrinkage, and enhance shelf life. PDSS currently offers a variety of ozone sanitization machines, ozone air purification systems, waste water recycler systems, and mobile ozone truck washer systems.

Safe Harbor Forward-Looking Statements

Statements contained in this release that are not strictly historical are ``forward-looking'' statements within the meaning of Section 27A of the Securities Act of 1933 as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements are made based on information available as of the date hereof, and the company assumes no obligation to update such forward-looking statements. Editors and investors are cautioned that such forward-looking statements invoke risk and uncertainties and the company's actual results may differ from these forward-looking statements. Such risks and uncertainties include but are not limited to demand for the company's products and services, our ability to continue to develop markets, general economic conditions, our ability to secure additional financing for the company and other factors that may be more fully described in reports to shareholders and periodic filings with the Securities and Exchange Commission.

Contact Information

  • Contact:

    Produce Safety and Security International, Inc.
    David Van Vort
    Capital Group Advisors, Inc.
    Tel: (954) 453-1171
    (786) 277-3484
    Email Contact
    www.foodsafeint.com