Super Directories, Inc. returns 90,011,484 restricted common shares back to its corporate treasury Super Directories, Inc. announces the cancellation of 90,011,484 restricted common stock.
MERRILL, N.Y., Dec. 18, 2012 /PRNewswire/ -- Super Directories, Inc. (OTCQB: SDIR) today announced that it has completed the cancellation of 90,011,484 restricted common stock shares held by the company's management team and as a result the canceled shares have been returned back into the company's treasury.
To continue, this action has reduced the company's issued and outstanding from 891,202,810 to 801,191,326 which represents a 10.1% reduction to the current issued and outstanding. Luke Lalonde, the company's President & CEO was quoted as saying, "we are continuing to take all the necessary steps needed to create shareholder value for our shareholders."
About Super Directories, Inc:
The company Super Directories, Inc. is currently a fully reporting issuer that maintains complete corporate filings and also trades on the OTCQB Markets under the symbol "SDIR." SuperDirectories.com is the largest 'Human-edited' directory on the internet. The database is structured with 'Full-Text' searchable categories, cross-re & links to selected websites. There are over 68,400 photos and 992,000 banners on its pages. The website now has regular visitors from over 173 countries and growing daily. SuperDirectories.com is a US Registered Service Mark (No. 2,425,941).
This press release contains certain "forward-looking information." All statements, other than statements of historical fact, which address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future constitute forward-looking information. This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking information is subject to a number of significant risks and uncertainties and other factors that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, but are not limited to, the possibility of unanticipated costs and expenses. Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.
SOURCE Super Directories, Inc.