HENDERSON, NEVADA--(Marketwire - 07/06/11) - Zamage Digital Art Imaging, Inc. (PINK SHEETS:ZMGD - News) (www.zamagedigitalcorp.com) management announces steps to reduce the number of outstanding shares by 2.2 billion shares.
These are restricted shares being purchased from a majority shareholder. The current outstanding share structure of ZMGD (see OTC Markets at http://www.otcmarkets.com/stock/ZMGD/company-info) sits currently at 2,653,738,095. This will be reduced by 2.2 billion shares to be approximately 450 million outstanding shares. OTCMarkets (Pink Sheets) and the State of Nevada will be updated shortly.
More updates to follow shortly and frequently.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of Zamage Digital Art Imaging, Inc., that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project" and similar words and phrases are intended to identify such forward-looking statements. Zamage Digital Art Imaging, Inc. cautions you that any forward-looking information provided by or on behalf of Zamage Digital Art Imaging, Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Zamage Digital Art Imaging, Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Zamage Digital Art Imaging, Inc.'s control. In addition to those discussed in Zamage Digital Art Imaging, Inc.'s press releases, public filings, and statements by Zamage Digital Art Imaging, Inc.'s management, including, but not limited to, Zamage Digital Art Imaging, Inc.'s estimate of the sufficiency of its existing capital resources, Zamage Digital Art Imaging, Inc.'s ability to raise additional capital to fund future operations, Zamage Digital Art Imaging, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Zamage Digital Art Imaging, Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Zamage Digital Art Imaging, Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
Zamage Digital Art Imaging, Inc.
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