SOURCE: Vitamin Blue, Inc.
February 25, 2014 13:30 ET
COSTA MESA, CA--(Marketwired - Feb 25, 2014) - Vitamin Blue, Inc. (OTCQB: VTMB) CEO Frank Ornelas has received multiple inquires via phone and email the past several weeks regarding the stock structure of Vitamin Blue and wishes to provide an update to answer questions. Frank Ornelas comments, "I want thank shareholders for reaching out and showing support and poignant questions regarding the company. Unfortunately time does not allow me to personally respond to each inquiry but I want to provide an update based on the volume of questions received regarding stock structure. There have never been Convertible Preferred Stock for VTMB nor ever will. There are 100 million Preferred Stock shares since the incorporation of the stock that have not been issued. There has been absolutely no dilution or issuance of the stock in the current quarter. The stock structure is exactly the same as it was the past quarter. Lastly, the insiders of Vitamin Blue have never sold stock and have actually purchased stock in the open market. I wanted to provide this clarification for shareholders as I felt it was pertinent to the correspondence I have been received."
About Vitamin Blue, Inc. (www.vitaminblue.com): Vitamin Blue designs, develops, produces and distributes water boardsports apparel, accessories and related products. Founded in 1999, the Costa Mesa, California based company is part of the consumer goods sector and non-durables industry.
Forward Looking Statements:
This press release contains 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. Any statements made in this press release that are not statements of historical fact, including statements about our beliefs and expectations, are forward-looking statements. Forward-looking statements include information concerning possible or assumed future results of operations, including descriptions of our business plans and strategies. Although we believe that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect our actual financial results or results of operations and could cause actual results to differ materially from those expressed in the forward-looking statements, including, without limitation, the factors described under "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" of our Securities and Exchange Commission filings.
See all RSS Newsfeeds