LAS VEGAS, Jan. 9, 2014 /PRNewswire/ -- Hui Ying Technology and Media Group Holding Company (OTC PINK: HUIY), a development stage company planning to develop and operate a chain of high-end resorts catering to the LGBT community under the name Andalusian Resorts and Spas (the "Company"), today announced the completion of a thirty-for-one forward stock split of its issued and outstanding common stock (the "Forward Split"). Following the Forward Split, shareholders received 30 additional shares of the Company's common stock for each share that they owned as of December 26, 2013, the effective date of the Forward Split. The Forward Split increased the Company's issued and outstanding shares of common stock from 3,200,100 to 99,203,100 common shares.
Further, the Company is pleased to announce that on January 2, 2014, it received approval for digital transmission of shares (DTC), which will allow it to transmit shares anywhere in the world, potentially opening up additional credit and investment facilities for the Company.
About Andalusian Resorts and Spas "WE ARE A STRAIGHT FRIENDLY COMPANY"
Upon obtaining sufficient financing, the Company plans to own and operate a premier luxury boutique hotel and resort chain catering to men and welcoming women, where exceptional care, attention to detail, and the comfort of its guests are its ultimate mission. Each of its premier, full-service locations will strive to maintain a 4 or 5 star rating.
Andalusian intends to bolster and support, the LGBT community as a leader in the marketplace offering services, events, outreach and worldwide recognition through quality of service, community support, and leadership understanding, in a way which is now made acceptable to all.
Andalusian intends to fund and endow a charitable foundation with a portion of its revenues, whose purpose is to, among other things, foster education and awareness regarding the worldwide LGBT community. "LET'S OPEN THIS DOOR TOGETHER"
Matters discussed in this press release contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on various assumptions and involve substantial risks and uncertainties, including, without limitation, those relating to the integration of Andalusian Resorts and Spas, Inc. into our company, our ability to obtain financing necessary to do so, the execution of its business plan and many other factors which may or may not be beyond our control.
SOURCE Hui Ying Technology