SOURCE: Stakool, Inc.

January 26, 2012 08:30 ET

Stakool/Anthus Life Corp. Reduces Issued and Outstanding Shares by Over 100 Million Shares

JACKSONVILLE, FL--(Marketwire - Jan 26, 2012) - Stakool, Inc. (OTCQB: STKO) (OTCBB: STKO), a North American supplier of natural, organic and health and wellness products, today announced that since January 1, 2012, it has cancelled a total of 101,878,570 shares.

20,000,000 shares were cancelled as a result of the cancellation of a promissory note held by an outside consultancy group. There is no remaining liability to the Company in regards to this promissory note. An additional 15,878,570 shares have been retired as a result of certificates having been returned to the Company for a business venture that has been rescinded.

In addition to retirement of the aforementioned 35,878,570 shares, management of Stakool, Inc. has further reduced its controlling shareholders' positions by 66,000,000 shares, thereby significantly increasing the ownership percentage of Stakool's public shareholders.

The above cancellation reduces the total issued and outstanding shares as of today to 58,397,167. The Company will in the near future cancel an additional 20,000,000 shares as a result of the cancellation and retirement of one more promissory note held by an outside consultancy group. The note itself has already been cancelled, however, the share certificates have not yet been retired.

About Stakool, Inc.

Jacksonville, Florida-based Stakool, Inc., through its wholly-owned subsidiary, Anthus Life Corp., is committed to being a leading North American supplier of natural and organic and health and wellness products. By fulfilling the highest standards for quality, consistency, sustainability, product assortments, value-added support services and integrity in business and personal relationships, Anthus Life brings to market complimentary products that are most suited to the consumer. Additionally, the Company's expanding product lines are complemented by an endorsement agreement with seven-time Olympic medalist Shannon Miller.

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Safe Harbor Statement:
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby.

The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management, as well as assumptions made by any information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.

Contact Information

  • Contact:
    Investor Relations
    Lance Bauerlein
    (904) 651-9842
    Email Contact