SOURCE: Stakool, Inc.

December 20, 2011 08:00 ET

Stakool/Anthus Life Corp. to Reduce Issued and Outstanding Shares

JACKSONVILLE, FL--(Marketwire - Dec 20, 2011) - Stakool, Inc. (OTCBB: STKO) (PINKSHEETS: STKO), a North American supplier of natural, organic and health and wellness products, today announced that it is in the process of cancelling a total of 55,878,570 shares.

A portion of the shares being cancelled are associated with promissory notes held by two outside consultancy groups for a total of 40,000,000 shares. These notes are being cancelled as part of the recently completed Stakool, Inc. acquisition agreement, with no remaining liability to the Company. The additional 15,878,570 shares being cancelled, having been returned to the Company, were also part of the same agreement.

Management of Stakool, Inc. is contemplating a further significant reduction in total shares issued and outstanding. This additional amount would affect controlling shareholders only, thereby significantly increasing the ownership percentage of Stakool's public shareholders.

It is expected that an agreement with respect to this matter will be completed within two weeks.

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 complimented 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
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