Advanced Wound Technologies Mid-Atlantic, Inc. Announces Name Change and Reverse Stock Split
February 06 2009 - 12:24PM
PR Newswire (US)
Company to be re-named American CryoStem Corporation RED BANK,
N.J., Feb. 6 /PRNewswire-FirstCall/ -- Advanced Wound Technologies
Mid-Atlantic, Inc. (AWTM.PK) announced today that it has received
approval from NASDAQ to changed its name to American CryoStem
Corporation (AMCY) and complete a one for 200 reverse split of its
common stock. American CryoStem Corporation plans to focus on the
business of collecting, processing and long-term storage of stem
cells. The Company believes these services will allow individuals
to privately preserve their stem cells for potential future use in
cell therapy. To effectuate its business plan the Company will need
to raise additional capital. The effective date for the reverse
stock split was close of business Monday, February 2, 2009. As a
result of the reverse stock split, every 200 shares of the
Company's common stock that were issued and outstanding as of
market close on February 2, 2009, were automatically combined into
one issued and outstanding new share of Common Stock. All
fractional shares created as a result of the reverse stock split
will round up to a full share of stock. The Company's shares will
trade on the Pink Sheets under the NEW symbol "AMCY." The Private
Securities Litigation Reform Act of 1995 provides a "safe harbor"
for forward-looking statements. Certain of the statements contained
herein, which are not historical facts, are forward-looking
statements with respect to events, the occurrence of which involve
risks and uncertainties. These forward-looking statements may be
impacted, either positively or negatively, by various factors.
Information concerning potential factors that could affect the
Company is detailed from time to time in the Company's reports
filed with the Securities and Exchange Commission. DATASOURCE:
American CryoStem Corporation CONTACT: Anthony Dudzinski of
American CryoStem Corporation, +1-732-747-1007, Fax:
+1-732-747-7782, , http://www.americancryostem.com/ Web Site:
http://www.americancryostem.com/
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