Horizon Health (HORC)

Back to Horizon Health (HORC)
Horizon Health International Corp. Announces a Two-Hundred-For-One Stock Split

MONTREAL, QUEBEC -- (Marketwire) -- 12/15/10 -- HORIZON HEALTH INTERNATIONAL CORP. (PINK SHEETS: HZHI) (the Company) announced today that the Company's stockholders have approved a Two Hundred-for-One reverse stock split (Reverse Split) effective on the opening of trading December 16, 2010 under the symbol 'HZHID'.

The Company was notified by FINRA that effective October 16, 2010 a "D" will be placed on the ticker symbol "HZHID" for 20 business days, thereafter the symbol will revert back to the original symbol "HZHI".

The new Cusip Number for the common stock will be '44041J206'.

As a result of the Reverse Split every two hundred shares of the Company that a stockholder owned were converted into one share of the Company as of the opening of trading on January 16, 2010, the effective date of the Reverse Split. Fractional Shares created as a result of the Reverse Split will be rounded up to the nearest whole share.

Mr. Rocco Di Fruscia, the Company's CEO, stated, "We had no other alternative than to restructure the Company's outstanding stock to attract investors, potential investment opportunities and for the successful future development of the company."

About Horizon Health International Corp.

HORIZON's subsidiary 'New Release Lactoferrin Pharma Canada Inc.' is an emerging specialty pharmaceutical company that is committed to supply its patented delivery systems of enteric lactoferrin, and "PEG-lactoferrin". We have already introduced enteric lactoferrin products in the market as a supplemental food and have also undertaken projects to further study these products and increase their pharmaceutical applications. Since 2008, the company's proprietary enteric lactoferrin has already earned top market share amongst all lactoferrin-containing products.

Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition, new products and technological changes, dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports.

Back to Horizon Health (HORC)
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki