Notify Technology Corporation Announces Results of Annual Meeting of Shareholders
SAN JOSE, Calif., Aug. 25, 2011 /PRNewswire/ -- Notify Technology Corporation (Pink Sheets: NTFYD) today announced the results of its Annual Meeting of Shareholders held on Friday, August 12, 2011 at the company's principal offices in San Jose, California. Shareholders at the meeting considered and approved all proposals recommended by the company's Board of Directors. One of those proposals was to amend the company's Amended and Restated Articles of Incorporation to effect a reverse stock split whereby every two hundred (200) issued and outstanding shares of Common Stock are combined and consolidated into one (1) share of Common Stock. The reverse split became effective on Friday, August 12, 2011. Any shareholder holding partial shares after the reverse split will be entitled to receive a pro-rated cash payment, without interest, determined by multiplying the fractional share interest to which the holder would otherwise be entitled by the fair market value of the Common Stock as determined by the company's Board.
About Notify Technology Corporation
Founded in 1994, Notify Technology Corporation is an independent software vendor (ISV) who has specialized in wireless mobility solutions and services for the past 10 years. Notify's products including NotifyLink, NotifySync and NotifyMDM support all major smart phone and tablet platforms independent of wireless carrier or network. Notify sells its mobility products directly and through authorized resellers internationally. Notify is an official Apple iPhone Enterprise Development Partner, Android Development Partner, BlackBerry Development Partner, Windows Mobile and Windows Phone Development Partner, Symbian Alliance Member, and HP/Palm Select Partner. The Company is headquartered in San Jose, California with product development and technical support located in Canfield, Ohio. For more information, visit http://www.notifycorp.com or contact 408-777-7930.
At Notify Technology Corporation:
Jerry Rice, Chief Financial Officer
SOURCE Notify Technology Corporation