Journal Of Radiology Inc. To Enact A 30 For 1 Forward Split
TO SUPPORT ITS NEW STRATEGIC FOCUS, JOURNAL of RADIOLOGY OBTAINS STOCKHOLDER APPROVAL FOR FORWARD SPLIT
SANTA MONICA, Calif., July 24, 2012 /PRNewswire/ -- Journal of Radiology Inc. (JRRD.OB) announces that it has obtained shareholder approval for a 30 for 1 forward split of the Company's outstanding common shares. It is set for stockholders of record as of July 31, 2012. The Board and stockholders believe that the forward split is in the Company's best interests, as the increase in shares available at a lower price in the marketplace may be more attractive to potential stockholders.
Aaron Shrira, President of Journal of Radiology said, "The Company expects the forward split to be effective after FINRA's approval expected in late August. The forward split is part of our strategic decision to increase the emphasis on product development under the license agreement with Interactive Spaces and increase shareholder value."
About Journal of Radiology
Journal of Radiology Inc., a development stage interactive media display company specializing in touchless, gesture - hand and body motion enabled software solutions that combine body motion with interactive surfaces, including walls, tables, windows and floors.
About Interactive Spaces
Interactive Spaces is a company specializing in touchless, gesture recognition - hand and body motion enabled, multi-touch software solutions that provide an innovative new way of interfacing with consumers. This technology is rapidly becoming one of the most effective ways of engaging people in a public space – providing both entertainment and relevant information.
For more information visit www.interactivespaces.ca
Contact: [email protected] or Journal of Radiology Inc., at [email protected]
Forward Looking Information Disclaimer and Caution: Statements, expectations and assumptions contained in the foregoing press release are "forward-looking statements" within the meaning of the Securities Act of 1933, as amended. The realization of any or all of these expectations is subject to a number of risks and uncertainties and it is possible that the assumptions made by management may not materialize.
SOURCE Journal of Radiology Inc.
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