AquaLiv Technologies, Inc. Changes Corporate Name to Verity Corp and Effects a 1 for 100 Reverse Split Company Stock to Trade Under Symbol "AQLVD" for Twenty Business Days; Final Symbol Change to "VRTY"
SIOUX FALLS, S.D., April 4, 2013 /PRNewswire/ -- AquaLiv Technologies, Inc. (OTCQB: AQLVD), a vertically integrated sustainable agriculture company incorporating organic production technologies and non-GMO standards for the efficient production of healthy food, announced today that the previously announced 1-for-100 reverse split of its common stock will be effective at the open of business on Thursday, April 4, 2013. Shareholders will have their positions automatically adjusted to reflect the reverse stock split and will not be required to take any action in connection with the reverse stock split. Shareholders are not required to exchange their certificates. All fractional shares have been rounded up to the next whole number of shares.
FINRA has also approved a corporate name change to Verity Corp. The company's stock symbol will be "AQLVD" for the next twenty (20) business days, after which the trading symbol will change to "VRTY".
Duane Spader, CEO of Verity Corp, said, "We are very excited to complete what we at Verity Corp consider our official roll out to financial markets. Ever since we merged with AquaLiv Technologies, we have been focused on informing our shareholders of Verity's future plans and executing those plans in a timely fashion. This latest corporate action is further evidence that we will continue keeping our shareholders informed and doing what we say we will do with the very best practices."
Spader added, "Part and parcel to sustainable and measurable growth is funding. Our goal is to judiciously, as well as prudently, raise the necessary capital to capture the market opportunities in our new initiatives in the South where we have two selling seasons with the two planting seasons."
Mr. Spader concluded, "We look forward to building shareholder value with our broad product and service mix including AquaLiv's water technology. We believe we have built the foundation required for financial flexibility and expanding our marketing reach in both the agriculture and investment communities. I personally would like to invite long time AQLV shareholders to share our vision of building a company committed to pioneering sustainable agriculture practices for healthy food production while also introducing our vision and values to future shareholders."
Verity Corp Business Plan
Verity Corp has grown from three employees in one facility in South Dakota with customers in three states to twenty-four employees in three facilities servicing customers in seven states (the added facilities are in Iowa and Georgia). Significantly, most southern states have two planting seasons for certain crops thereby doubling Verity's potential business in those regions.
The business model for Verity Corp enables the company to build its revenue base through recurring and growing revenues from a customer/farmer base which order Verity's products and services each planting season. With each passing year, more farmers return and increase the percentage of their overall acreage converted to using Verity sustainable agriculture solutions. Verity Corp is prepared to meet the rapidly growing needs of farmers that are interested in learning how to transition from conventional farming methods to healthy and natural agricultural techniques by incorporating a focus on the health of the soil through the use of natural fertilizers and revitalized water. This comprehensive selection of products and services differentiates Verity from other sustainable agricultural companies with the vertical integration of technologies such as revitalized water, non-GMO seeds and natural fertilizers that rebuild farm soil health.
The GMO labeling controversy which has been highlighted by Whole Foods' announcement that they will require their suppliers to label their ingredients as "GMO" or "non-GMO" virtually predicts that the non-GMO market will grow exponentially over the next few years--a market that Verity has developed significantly.
Investor Database for Future Press Releases and Industry Updates
Interested investors and shareholders are invited to be added to the corporate e-mail database for corporate press releases and industry updates by sending an e-mail with "VRTY" in the subject line to email@example.com
About Verity Corp (www.veritycorp.com)
Verity Farms is dedicated to providing consumers with safe, high quality and nutritious food sources through sustainable crop and livestock production. Verity has built the foundation for expansion that is diversified into three distinct, yet interlinked, divisions operating six business units. The three divisions: Soil Preservation, Water Systems and Consumer Products. Soil Preservation consists of Verity Farms and Verity Turf; Verity Water Systems comprises its own division; and, Verity Consumer Products will consist of Verity Meats, Verity Produce and Verity Grains. The common goal within each Verity Business Unit is to decrease chemical dependency, to diminish the need for genetic modification, to preserve the family farm, and ultimately, to provide a nutritious, high-quality food source to consumers.
Aistiva Corporation, a subsidiary of Verity Corp, is a life sciences research and development company creating novel products for numerous industries. The company's patented technology influences biological processes naturally and without chemical interaction which holds promise in enhancing crop yields to providing drug-free medicine, Aistiva is providing innovative physics-based solutions to the world's largest problems. To learn more about Aistiva, please visit: www.aistiva.com.
Safe Harbor: Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.
Verity Corp Investor Relations
SOURCE AquaLiv Technologies, Inc.