SOURCE: Silver America, Inc.

Silver America, Inc.

March 11, 2010 08:45 ET

Silver America, Inc. Announces Name and Symbol Change, Stock Cancellation and Forward-Split

RENO, NV--(Marketwire - March 11, 2010) -  The Golf Alliance Corporation (the "Company") is pleased to announce that it has changed its name to Silver America, Inc. This corporate action took effect on March 5, 2010 and signals the change of focus of operations of the Company towards precious minerals exploration and development. In connection with the name change, the Company's trading symbol has been changed to "SILA" (OTCBB: SILA).

In addition, on February 19, 2010, the sole director of the Company, agreed to cancel 4,100,000 of his shares. As a result of the stock cancellation, the total of issued and outstanding shares of the Company at the time was reduced to 1,700,000 pre-split shares.

Finally, effective March 5, 2010, the Company amended its Articles of Incorporation by effecting a 50-for-1 forward stock split, whereby each outstanding share of common stock was converted into 50 outstanding shares. Accordingly, the Company's issued and outstanding number of common shares increased from 1,700,000 to 85,000,000 shares. Stockholders of record can surrender their old pre-split share certificate to the Company's transfer agent, Island Stock Transfer, to obtain a new share certificate reflecting the post-split shares.

Forward-Looking Statements

The statements by our officers, and other statements regarding optimism related to the business, expanding exploration and development activities and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations, estimates and projections about the Company's business. Words such as expects, anticipates, intends, plans, believes, sees, estimates and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict. Actual results could vary materially from the description contained herein due to many risk factors that affect the industry the Company operates in and other risk factors listed from time to time in the Company's Securities and Exchange Commission (SEC) filings under "risk factors" and elsewhere.

Contact Information

  • For more information contact:
    Silver America, Inc.
    10775 Double R Boulevard
    Reno, NV 89521
    Tel: 775.682.4313
    Fax: 775.996.8200

    Johannes Petersen
    President and CEO
    Email: Email Contact