U.s. National Telecom, Inc. (PN) (USOTC:USNL)
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5 Years : From Oct 2011 to Oct 2016
US National Telecom, Inc. (PINKSHEETS: USNL) announces that it has officially restructured its authorized common stock. The Company has reduced its authorized common stock from forty billion authorized to five billion authorized.
The current capitalization of US National Telecom, Inc is as follows: As of March 19, 2012 there are currently 3,475,250,391 shares issued and outstanding of which 3,000,210,033 are restricted and will not be made free trading.
CEO Rebecca Guthrie stated, "I am happy with the reduction in authorized common stock, any time you can reduce the amount of stock that can enter the market in the future is a positive for the company and its shareholders. We look forward to continuing our plans in the real estate sector."
US National Telecom, through its subsidiary Florida Bay Investments, Inc., plans to invest in cash flow properties in multiple real estate markets throughout Florida. The markets that have been targeted include Gainesville, Tampa, St. Petersburg, Orlando, and Jacksonville, Florida. Further acquisitions in Miami, Ft. Lauderdale, and Palm Beach, Florida are also being considered in the due diligence currently underway.
US National Telecom is a Florida based company. It is a development stage company looking to acquire real estate interests that offer positive cash flow returns. It has a website: www.usnationaltelecominc.com
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